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Churchill China

  • BY: Andrew Hore |
  • POSTED: 09/01/2009 |

Churchill China says that its 2008 profit will be at least £3.3m, although that is lower than expected.

Analysts’ were forecasting profits of £3.7m. There were harsh trading conditions in the UK and export markets and management believes that it is prudent to expect 2009 to be a more difficult year.

Net cash is still more than £7m.

The shares held steady at 187.5p each, which values the supplier of home and restaurant china at £20.4m.

The 2008 results will be reported in April.

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