Cranswick PLC
31 March 2006
Cranswick plc ('Cranswick', 'the Group' or 'the Company') - pre-close period
trading update
Cranswick anticipates that the Group's performance for the full year to 31st
March 2006 will be in line with management's expectations. In addition, these
results will be boosted by the gain of £2 million arising on the recent disposal
of the surplus Cottingham site, the proceeds of which have been used to reduce
borrowings.
Current indications are that total sales in the final quarter will be
approximately 11% higher than the same quarter last year. Of this, sales of
food products will be 12% higher with fresh pork, cooked meats, sandwiches and
bacon showing particularly strong growth. Third party sales of animal feed
increased significantly reflecting sales to the pig rearing activities which are
now owned outside the group, and sales in the pet business will be approximately
6% up.
It is anticipated that the preliminary results for the year ending 31st March
2006 will be announced on 23rd May 2006.
Enquiries:
Martin Davey, Chairman 01482 372 080 (mobile 07775 576 426)
John Lindop, Finance Director 01482 372 090 (mobile 07768 362 592)
This information is provided by RNS
The company news service from the London Stock Exchange