Churchill China proves its resilience

Churchill China (LON: CHH) has demonstrated its resilience during the Covid-19 lockdowns and the recovery in the second quarter of 2021 was impressive. This has enabled the ceramics manufacturer to return to paying dividends.

Lockdowns were still in place during the first quarter, so there was limited demand from the hospitality sector. May and June revenues from hospitality were ahead of the same period in 2019. More than two-thirds of revenues came from exports. The average selling price i...

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