Business
Pre-Close Trading Update
Pre-Close Trading Update.
About this update from Cranswick Plc
[{"type":"text","content":"\n Cranswick PLC\n31 March 2006\n\n\nCranswick plc ('Cranswick', 'the Group' or 'the Company') - pre-close period\ntrading update\n\n\nCranswick anticipates that the Group's performance for the full year to 31st\nMarch 2006 will be in line with management's expectations. In addition, these\nresults will be boosted by the gain of £2 million arising on the recent disposal\nof the surplus Cottingham site, the proceeds of which have been used to reduce\nborrowings.\n\n\nCurrent indications are that total sales in the final quarter will be\napproximately 11% higher than the same quarter last year. Of this, sales of\nfood products will be 12% higher with fresh pork, cooked meats, sandwiches and\nbacon showing particularly strong growth. Third party sales of animal feed\nincreased significantly reflecting sales to the pig rearing activities which are\nnow owned outside the group, and sales in the pet business will be approximately\n6% up.\n\n\nIt is anticipated that the preliminary results for the year ending 31st March\n2006 will be announced on 23rd May 2006.\n\n\nEnquiries:\n\n\nMartin Davey, Chairman 01482 372 080 (mobile 07775 576 426)\nJohn Lindop, Finance Director 01482 372 090 (mobile 07768 362 592)\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1548,"tagName":"div"}]