Cranswick Plc anticipates better than expected Adjusted PBT under IFRS16 for FY20

  • Jan 17, 2020 GMT
  • Team Kalkine
Cranswick Plc (LON: CWK) has released its third-quarter trading statement.
  • In its unscheduled trading update, the company reported that for the year ending 31 March 2020, the group is now expecting the Adjusted Profit Before Tax (under IFRS16, pre-exceptionals) to be higher than the current market expectations.
  • It was reported that through the acquisition of Packington Pork Limited, the Group has ramped-up investment in its pig farming and rearing operations during the period.
  • On 17th January 2020, at the time of writing, GMT 08:33 AM, CWK shares were trading at GBX 3,640.00, up by 244.00 points or 7.18% against the previous day closing price.

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