Churchill China (CHH)

 

Churchill China pre-tax profits up 30%

Churchill China's pre-tax profits rose by 30% to £6.5m in the year to the end of December.

Group revenue rose by 9% to £51.1m while hospitality revenue increased by 13% (2015: 8%).

Operating profits were up 29% to £6.4m.

Other highlights:

- Basic earnings per share up 29% to 48.2p (2015: 37.3p)

- Proposed final dividend up 16% to 14.8p (2015: 12.7p)

- Cash generated from operations £6.7m (2015: £5.3m)

- Good progress against key strategic objectives

Chairman Alan McWalter said: "2016 was a year of strong performance across our business. We continue to believe that our strategy is well founded and that it can continue to be successfully executed.

We look forward to the coming year with confidence."