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Churchill China Says Confident For Higher FY22 Performance With Strong Demand; Stock Up

Shares of Churchill China plc (CHH.L) were gaining around 4 percent in the morning trading in London after the manufacturer of ceramic products for hospitality markets said Wednesday that it remains confident for improved year on year performance in 2022.

Ahead of today's Annual General Meeting, Alan McWalter, Chairman, stated that the company was experiencing ongoing strong demand across its geographic markets. The company's order book remains healthy.

Further, Churchill China said recruitment processes are underway to both identify a successor to Angela Bromfield, who is retiring from the Board, and also to reinforce independent representation on the Board.

In London, Churchill China shares were trading at 1,450 pence, up 3.57 percent.

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