Churchill China expects its operating performance for the year ended 31 Dec to be slightly ahead of current market estimates.
The manufacturer and distributor of performance ceramic and related products to hospitality and retail markets worldwide said it had continued to make solid progress against its long term objectives throughout 2017.
It said revenue growth had again been good in export markets and cash and deposit balances were expected to exceed current market forecasts.
At 8:07am: (LON:CHH) Churchill China PLC share price was +40p at 1195p
Shares of Churchill China (LSE:CHH) are up over 5% today after the company released excellent first-half results and said: "Trading momentum has been maintained since 30 June and we approach the key trading period in the year with confidence."
Churchill China said it continued to make good progress in the first half and achieved strong growth in export markets.
The group said its focus on product innovation had further increased value added product sales as a proportion of revenue and its performance in the first half had also benefited from weaker sterling exchange rates.
The group said it remained confident that it would continue to deliver against our performance targets.