Churchill China plc (AIM: CHH) – good results, time to get back in?
The manufacturer of “performance ceramics” (the other term is tabletop products) to hospitality and retail markets has announced excellent interim results for the six months ending 30 June 2015. With the share price having fallen approx. 10% from the highs of earlier in the year and the outlook positive it might be an interesting time to get involved!
For the 6 months to 30th June 2015 group revenue was up 3% to £21.4m, profit before tax up 12% to £1.6m and basic earnings per share up 14% to 11.4p. The interim dividend was lifted 10% to 5.6p with the forecast fully year dividend of 17.30p equating to a yield of an attractive 3.2% at the current share price, covered around 2x.
The balance sheet is rock solid with zero debt and cash and…
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