Business
First Quarter Trading Stateme
First Quarter Trading Stateme.
About this update from Cranswick Plc
[{"type":"text","content":"\n RNS Number : 9388Z Cranswick PLC 25 July 2008 \n \nCranswick plc ('Cranswick' or 'the Company') - first quarter trading statement\nThe following statement on current trading will be made at the Company's Annual General Meeting later this morning:\n'The results for the last financial year were very pleasing:\n- Turnover increased by 17 per cent to £599 million- Pre-tax profit up 8 per cent to £35.3 million*- Earnings per share rose 11 per cent to 55.9 pence*- The dividend was raised 10 per cent to 19.9 pence per share- Strong sales increases in both food and pet businesses- Continuing investment in facilities- Board confident of further successful development\n *including exceptional gains\nThe current financial year has started in line with the Board's expectations.\nSales in the first quarter have increased by 10 per cent compared with the same period last year to £161 million. This represents an increase of 13 per cent on a like-for-like basis, excluding the animal feed business which was disposed of during the first quarter of the prior year,\nFood sales showed an increase of 12 per cent, with volume growth across all categories. In the pet business, sales were 34 per cent higher.\nRaw material cost increases have been incorporated into selling prices on a phased basis during the first quarter. Whilst further inflation cannot be ruled out, the Board remains confident of the Group's prospects for the future.'\n \nEnquiries;\nCityRoad Communications\nPaul Quade 020 7248 3010 (mobile 07947 186694)\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END TSTILFESDLIEFIT \n ","length":3305,"tagName":"div"}]