Trading Update

RNS Number : 4015L

Churchill China PLC

09 January 2009

 



For Immediate Release

9 January 2009

CHURCHILL CHINA PLC

TRADING UPDATE

The Board of Churchill China plc wishes to update the market in respect of trading in the year to 31 December 2008.

We are pleased to report that our business has performed well against a background of harsh trading conditions in both UK and Export markets. As a result we expect to report profit before taxation for the year of not less than £3.3m. Our balance sheet remains strong with over £7m of net cash and as such we intend to maintain our final dividend for 2008 in line with historic levels. A robust operational and financial base to will continue to be a priority for our business.

At present we have limited visibility for 2009 and likely levels of demand are uncertain, although it is prudent to expect that it will be a more difficult year. We will provide a further update with our preliminary results announcement in April.

For further information, please contact:

Churchill China plc
Andrew Roper/David Taylor	Tel No: 01782 577566
Buchanan Communications	Tel No: 020 7466 5000
Tim Anderson/Lisa Baderoon
Brewin Dolphin Investment Banking	Tel No: 0845 270 8610
Andrew Emmott

 

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