By Maryam Cockar
Date: Thursday 05 Jan 2017
LONDON (ShareCast) - (ShareCast News) - AIM-listed pottery manufacturer Churchill China anticipates that its operating performance will be ahead of market estimates due to its "strong" exports.
The Stock-on-Trent based company expects that its operating performance for the year ended to 31 December 2016 will be ahead of current market estimates, and well ahead of its performance in 2015.
This is due to trading in the final quarter being ahead of earlier expectations and a "strong" performance in export markets, reflecting new products and more favourable exchange rates.
Exporters have been benefiting lately from the weak pound against the dollar and euro in the wake of the EU referendum result.
The company also expects cash and deposit balances to exceed current market forecasts.
Shares in Churchill China were up 7.6% to 920p at 1154 GMT.