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[February 2010]
Churchill China Trading Update & Final Dividend News
The Board of Churchill China plc (Stoke-on-Trent, Staffs, England), the manufacturer and global distributor of ceramic tableware and household products to hospitality and retail markets, has announced that it anticipates that profits for the year to 31 December 2009 will be in line with earlier expectations. The company’s cash position remains strong.
The Board has considered the above and has decided to bring forward the payment of the final dividend for 2009, normally payable in May 2010 to March 2010. This dividend of 9.2p per share, giving a total dividend of 14.0p for the year (2008: 14.0p), will be paid on 12 March 2010 to shareholders on the register at the close of business on 26 February 2010.
Churchill China said that current trading remained at satisfactory levels with some evidence of firmer demand in the Hospitality sector. A full update on current trading will be given at the Group's Preliminary Results announcement on 25 March 2010.
ENDS