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(Sharecast News) - Pottery business Churchill China told investors at its annual general meeting on Thursday that hospitality markets remained "under pressure" as it said it was continuing to address the issues within its control.
Churchill China said it remains "confident" in the medium-term, and stated it was "strongly placed for recovery" with appropriate stock levels of value-added products.
The AIM-listed group added that it had continued to win new installation business across all of its markets, albeit at lower volumes, and said it sees "strong replacement orders at good margins".
As of 0915 BST, Churchill China shares were untraded at 635.0p.
Reporting by Iain Gilbert at Sharecast.com
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