(Reuters) - Cranswick said on Tuesday it expects annual profit to be at the upper end of current market estimates, as the British meat producer bets on strong domestic demand and higher pig prices to offset a fall in China volumes.
The company, which produces fresh pork, bacon, gourmet sausages, poultry items and continental foods, said revenue rose 12% to 1.25 billion pounds ($1.56 billion) for the 26 weeks ended Sept. 23.
Analysts are expecting adjusted profit before tax between 153.2 million pounds and 160.8 million pounds, according to a company-provided consensus.
($1 = 0.8025 pounds)
(Reporting by Eva Mathews in Bengaluru; Editing by Subhranshu Sahu)
Price
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Change
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5d. change
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Capi.
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|---|---|---|---|---|---|
| 4,290 GBX | +1.66% | +3.87% | 2.89B | ||
| 248.2 USc | +0.81% | +2.87% | - | ||
| 154.8 USc | -2.32% | -1.32% | - | ||
