Churchill China PLC
14 May 2004
For Immediate Release 14 May 2004
CHURCHILL CHINA plc
AGM Trading Statement
At the Company's Annual General Meeting later today, Stephen Roper, Chairman,
will make the following statement.
'At the time of our Preliminary Results in March I expressed confidence in the
future prospects of the Group. This confidence was based on our expectation that
we would grow our sales to hotel and hospitality customers, increase our focus
on key volume market retail chains and realise the benefits of the restructuring
we completed at the end of 2003. I am pleased to report that in the year to date
we have continued to make progress in all these areas. The sale of products into
hotel and hospitality markets is well ahead of the corresponding period in 2003
and whilst overall sales to retail customers have fallen following the reduction
in capacity implemented in 2003, sales of sourced products to target accounts
are also significantly ahead of last year.
At this early stage of the year, the Board is confident that the Group will meet
its targets. We look forward to reporting further progress against these
objectives at our Interim Results announcement in August.'
For further information, please contact:
Stephen Roper 01782 577566
David Taylor
Churchill China plc
Tim Anderson/Lisa Baderoon/Rebecca Dietrich 020 7466 5000
Buchanan Communications
This information is provided by RNS
The company news service from the London Stock Exchange
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