Churchill China increases profits despite cracks in UK restaurant market
Exports now account for the majority of Churchill China's sales after another year of strong overseas growth.
The ceramics manufacturer increased revenues by 5%, to £53.5m, in 2017 while exports were up 19%. Pre-tax profits rose even faster - up 20% to £7.8m.
Alan McWalter, chairman of Churchill China, said the business has "continued to make progress against our long term targets".
He said: "Whilst there has been some further benefit from currency this year, we continue to generate real growth in our target overseas market... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
