The group’s hospitality business performed well across all sectors but progress in the retail division was more restrained, Churchill Chairman Alan McWalter said.
Operating profit was up by 42 per cent to £1.1m and pre-tax profit rose by 56 per cent to the same figure.
McWalter added: “We anticipate that our hospitality business will remain healthy both in the UK and in the majority of our export markets. We expect to continue to reap the benefit from our long-term investment programme. Our retail product range is strong but we expect sales to remain subdued for the remainder of the year. We have started the year with a very encouraging first six months and current trading levels remain good for the group as a whole. If current sales trends persist through the remainder of 2013, in particular through the important fourth quarter, we would expect to deliver a full-year performance at the higher end of our initial expectations.”
Churchill China increased its interim dividend for the first half from 4.8p per share to 4.9p.
to learn more about Churchill and its collction of products for the hospitality industry, go here:
http://www.churchillchina.com/
