Hilton Food Group 1H Trading In Line With Board Views

22nd Jul 2010 07:28

LONDON (Dow Jones)--Hilton Food Group PLC (HFG.LN), a specialist meat packing business, said Thursday trading for 28 weeks ended July 18 has been in line with board's expectations. MAIN FACTS: -Raw material pricing remains relatively stable across most markets -Good progress made with the development of the new facility in Denmark; Construction of the building is underway and on schedule to commence production in the second quarter of 2011. -Strong volume growth in Central Europe. -For the remainder of the year, company expects that customers and consumers will continue to look for good value. -Continues to look for growing business with existing customers and also by exploring geographic expansion prospects. -Expects to continue to make progress during the second half of the year. -Shares on Wednesday closed at 250 pence, valuing the company at GBP174.1 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] (END) Dow Jones Newswires July 22, 2010 02:28 ET (06:28 GMT)