Churchill China PLC (LON:CHH) saw its shares jump higher on Monday after the manufacturer of ceramic products said it now expects that its full-year operating performance will be ahead of current market estimates after a strong finish to the year.
In a brief trading update for the full-year to 31 December 2018, the AIM-listed firm said its revenue growth in export markets remained strong across the year, while its performance in the UK improved in the second half of the year.
READ: Churchill China shares jump as it ups expectations for full-year
The group added: “We have made substantial progress against our strategic objectives in 2018 and have enjoyed a strong finish to the year.”
It said: “As a result, the Board now expects that operating performance will be ahead of current market estimates.”
The company intends to announce its preliminary results for the year to 31 December 2018 on 27 March 2019.
In early morning trading, shares in Churchill China gained 10.9% at 1,042.50p.