Churchill China (GB:CHH) has released an update.
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Churchill China PLC reports a 7.8% drop in revenue to £40.6 million for the first half of 2024, maintaining its operating profit at £4.5 million despite the decline. Profit after tax saw a 3.1% increase to £3.6 million, with an interim dividend increase of 4.5%, reflecting the board’s confidence. The company cites improved factory performance and a strong UK demand as key factors, as it continues to invest in innovation and efficiency.
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