Churchill China (CHH) has announced that its operating performance for 2015 will be ahead of market estimates and well ahead of 2014. Second half trading has been ahead of earlier expectations.
Churchill has been growing strongly in recent years. Since 2010 profit before tax has more than doubled and basic earnings per share have risen from 14p to 31.2p.
In 2015 first half profit before tax rose by 12% and the interim dividend was raised by 10% to 5.6p.
The share price closed yesterday at 740p having risen from 586p a year ago and have risen strongly this morning to 817p
2015 results are due on the 24th March
Another success amongst the china manufacturers is Portmeirion (PMP) whose final results are due later this month. At the half way stage profit before tax was up by 45% and earnings per share by 41%. Production at the Stoke on Trent factory was running at record levels and the second half started with a strong order book.
The shares now stand at 940p compared to a low of 870p a year ago.