Churchill China reports 2.9% revenue decline in first half

Churchill China PLC reported a 2.9% decline in revenue for the first half of the year, with earnings down 17.9% and profit after tax falling 26.1%. The company, which specializes in ceramic products for the hospitality market, cited increased warehousing and distribution costs as contributing factors to the decline in profitability.

Despite the revenue decrease, European and US sales were slightly ahead of the previous year, and the company generated £0.8m in cash from operations. James Roper, the newly appointed Chief Executive Officer, stated that the company expects full-year profitability to be in line with expectations.

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