Churchill China PLC Half Year Trading Update and Interim Dividend (2366E)
06 Julio 2021 - 1:00AM
UK Regulatory
TIDMCHH
RNS Number : 2366E
Churchill China PLC
06 July 2021
For immediate release 6 July 2021
CHURCHILL CHINA plc
("Churchill China" or the "Company")
HALF YEAR TRADING UPDATE and DECLARATION of INTERIM DIVIDEND
Churchill China plc (AIM: CHH), the manufacturer of innovative
performance ceramic products serving hospitality markets worldwide,
is pleased to provide an update in relation to trading for the six
months ended 30 June 2021.
The improved trading performance referred to in our Annual
General Meeting announcement on 1 June 2021 has been maintained
throughout the month of June. Revenue in both May and June
recovered to 2019 levels and we continue to enjoy a good forward
order book. This improved performance reflects progress across the
UK, Europe and our other export markets. We do however remain
mindful that COVID continues to introduce a degree of uncertainty
into our assessment of future market and operational
conditions.
In our Preliminary Results announcement on 19 April 2021 we
indicated that the Board would review its dividend policy at the
earliest opportunity once a clearer pattern of trading had been
established. Given the performance achieved in the period ended 30
June 2021 along with our strong financial position the Board is
pleased to declare an interim dividend of 6.7p per share (2020:
nil). This dividend will be paid on 3 September 2021 to
shareholders on the register at 6 August 2021, with an ex-dividend
date of 5 August 2021. Coronavirus Job Retention Scheme grants
claimed in relation to 2021 have been repaid. The Board wishes to
thank shareholders alongside employees and other stakeholders in
the business for their support over the period of the pandemic.
We expect to announce our Interim Results for the six month
period ended 30 June 2021 on 1 September 2021.
For further information, please contact:
Churchill China plc Tel: 01782 577566
David O'Connor / David Taylor / James
Roper
Buchanan Tel: 020 7466 5000
Mark Court / Sophie Wills / Charlotte
Slater
ChurchillChina@buchanan.uk.com
Investec Tel: 020 7597 5970
David Flin / Alex Wright
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END
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