Essential reading for retailers and suppliers in the home improvement market

Buoyant results from Churchill China

Published: 30 August 2007
Churchill China is expected to exceed market expectations when it announces its results for the current financial year.
The announcement by the manufacturer and global distributor of tableware and household products, comes on the back of its performance for the first half of 2007.

Its interim results for the six months ended June 30 show a 25% increase in operating profit to £1m before exceptional items and profit before tax and exceptional items up 42% to £1.4m.

Chairman of the company, which is based in Stoke-on-Trent, Jonathan Sparey, said: "Churchill has achieved a strong performance so far this year. We believe we are well placed to exceed current market expectations for our full year, although the rate of growth in the second half is likely to be lower."

Sales to its retail customers were slightly ahead of expectations at £8.6m (£9.1m 2006) and reflected Churchill's planned exit from certain lower margin business.

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

What do you think?


Are we seeing a rise in consumers interested in smart home security?



Latest reader comments

re: A guide to construction safety for home builders

Daniel Wood
Safety should always be the first priority. If followed properly, these precautions are all we need to tackle all unwanted accidents. I ...

re: Further Homebase closures ahead

Shaun Collorick
Cheltenham homebase has closing down signs outside, but not Gloucester homebase.... Yet!...

re: B&Q sales slide, as Screwfix decision to exit German market costs millions

B&Q bob
No surprises from us on the shopfloor management paralysed by fear of jobs and to weak to take chances so bumble around. Ranges boring, and ...

re: Further Homebase closures ahead

Miss l'a tesha gc Wilson
Please keep me updated regards all Store closures Thank you...

re: Graham Bell to head up B&Q as part of Kingfisher reshuffle

Peter Earl
I HOPE GRAHAM BELL THE NEW CEO OF B&Q GETS TO GRIPS OF THE COMPANY VERY SOON.MY WIFE WENT FROM SHADOXHURST TO GILLINGHAM TO GET SOME ...

Most read stories