Churchill China trades as expected through end of 2024

(Sharecast News) - Churchill China confirmed in an update on Monday that trading in the last two months of 2024 aligned with both company and market expectations, with no changes to the guidance issued in November. The AIM-traded manufacturer of performance ceramic products for the hospitality sector said it expected to report full-year results in April.

It noted that markets were forecasting a profit before tax of £8.5m for the year ended 31 December.

"Despite the challenging environment facing the company, we have taken appropriate actions and are still confident in the long-term future of the business," said chairman Robin Williams.

"We continue to improve productivity and yield in the factory and the company is still well positioned, with an unparalleled service offering and an innovative and differentiated performance product."

At 0821 GMT, shares in Churchill China were down 1.63% at 605p.

Reporting by Josh White for Sharecast.com.