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

January 17, 2020 09:44 AM 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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