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Churchill China delivers five star hospitality

Churchill China delivers five star hospitality

Churchill China (CHH) beat analyst forecasts with £8.8m in pre-tax profits, after a positive year that saw 10 per cent revenue growth in its hospitality arm. The manufacturer and distributor of tabletop products has been winding back its retail activities in favour of hospitality in the UK and overseas growth markets – 60 per cent of its sales are exports, around 37 per cent of which are generated from Europe. Management anticipates that a hard Brexit and World Trade Organisation tariffs would add an average 7 per cent duty to Churchill’s products, but that this would be offset by the weakening of sterling, so the tariff “shouldn’t be a problem for our customers”.

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