Churchill China's H1 trading in line with forecasts

Pottery manufacturer Churchill China said it performed positively in its first-half against strong 2014 comparatives, thanks to good hospitality sales.

The group noted the number of sales to customers in its hospitality business continued to grow with revenues being driven by its programme of new product and market development.

As a result, Churchill China expects its full-year performance to meet its expectations.

The half-year results will be published next month.

N+1 Singer analysts said the update was "reassuring" but kept its forecasts unchanged.

"We make no change to forecasts at this stage and stay positive with an indicative fair value of 680p," the broker added.

Shares were up 0.18% to 556p on Tuesday at 14:30.