Churchill China’s new CEO strikes optimistic note despite falling profits

Stoke-on-Trent-based ceramics manufacturer Churchill China has reported revenue of £37.4m for the six months to 30 June, down 2.9% from £38.5m last year.

New chief executive James Roper said trading has stabilised despite challenging market conditions.

Operating profit before exceptional items fell 17.9% to £2.3m. Profit before tax and exceptional items was down 19.4% to £2.5m, driven largely by higher rent at the company's European Distribution Centre following the loss of a co-ten... 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...