Cranswick PLC
31 March 2006
Cranswick plc ('Cranswick', 'the Group' or 'the Company') - pre-close period
trading update
Cranswick anticipates that the Group's performance for the full year to 31st
March 2006 will be in line with management's expectations. In addition, these
results will be boosted by the gain of £2 million arising on the recent disposal
of the surplus Cottingham site, the proceeds of which have been used to reduce
borrowings.
Current indications are that total sales in the final quarter will be
approximately 11% higher than the same quarter last year. Of this, sales of
food products will be 12% higher with fresh pork, cooked meats, sandwiches and
bacon showing particularly strong growth. Third party sales of animal feed
increased significantly reflecting sales to the pig rearing activities which are
now owned outside the group, and sales in the pet business will be approximately
6% up.
It is anticipated that the preliminary results for the year ending 31st March
2006 will be announced on 23rd May 2006.
Enquiries:
Martin Davey, Chairman 01482 372 080 (mobile 07775 576 426)
John Lindop, Finance Director 01482 372 090 (mobile 07768 362 592)
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.