6th Mar 2014 08:05
LONDON (Alliance News) - Meat retailer Crawshaw Group PLC Thursday said its full-year results will now be further ahead of market expectations than it previously thought after it saw particularly strong trading in January.
The company had said in early January that its results for the financial year to January 31 would be ahead of market expectations thanks to strong trading over the key Christmas period.
"I'm now delighted to report that in the weeks since then, leading up to our year end 31 January 2014, both sales and margin were particularly strong. As a result we now expect our profits for the full year to 31 January 2014 to be further ahead of current market expectations," Chairman Richard Rose said in a statement.
He added that the strong trading has continued into the current financial year.
The company's plans to open new shops are also progressing well, Rose said, with one new high-street store to be opened towards the end of March.
The company expects to report its full-year results towards the end of April.
Crawshaw shares were up 20.4% at 32.50 pence early Thursday, the biggest rise on AIM.
By Steve McGrath; [email protected]; @stevemcgrath1
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