Coral Products PLC AGM Statement (8050E)
October 23 2018 - 2:00AM
UK Regulatory
TIDMCRU
RNS Number : 8050E
Coral Products PLC
23 October 2018
CORAL PRODUCTS PLC
("Coral" or the "Company")
AGM Statement
Joe Grimmond, Non-executive Chairman, will make the following
statement at the AGM of the company scheduled for 12 noon
today:
"I am pleased to announce that with five months of the current
financial period completed, management accounts confirm a very much
improved performance to date.
Sales, gross margin, EBITDA and profit before taxation are all
already materially ahead of the full six month period to 31 October
2017.
With October well advanced we expect a much-improved performance
overall for the six months to 31 October 2018.
We remain confident of further progress in the coming year.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Enquiries:
Coral Products plc
Mick Wood, CEO Tel: 01942 590272
Sharon Gramauskas, FD
Cairn Financial Advisers LLP Tel: 020 7213 0880
Nominated Adviser
Tony Rawlinson / Liam Murray
Daniel Stewart & Company plc Tel: 020 7776 6550
Broker
David Lawman/Richard Potts
Capital Markets Consultants Tel: 07515 587 184
Limited
PR
Richard Pearson
About Coral
Coral Products PLC is a specialist in the design, manufacture
and supply of injection moulded plastic products based in Haydock,
Merseyside.
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed
to be, forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe",
"could", "should" "envisage", "estimate", "intend", "may", "plan",
"potentially", "expect", "will" or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements re ect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
A number of factors could cause actual results to differ
materially from the results discussed in the forward looking
statements including risks associated with vulnerability to general
economic and business conditions, competition, environmental and
other regulatory changes, actions by governmental authorities, the
availability of capital markets, reliance on key personnel,
uninsured and underinsured losses and other factors, many of which
are beyond the control of the Company. Although any forward looking
statements contained in this announcement are based upon what the
Directors believe to be reasonable assumptions, the Company cannot
assure investors that actual results will be consistent with such
forward looking statements. Accordingly, readers are cautioned not
to place undue reliance on forward looking statements. Subject to
any continuing obligations under applicable law or any relevant AIM
Rule requirements, in providing this information the Company does
not undertake any obligation to publicly update or revise any of
the forward looking statements or to advise of any change in
events, conditions or circumstances on which any such statement is
based.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
AGMUUSSRWRARUAA
(END) Dow Jones Newswires
October 23, 2018 02:00 ET (06:00 GMT)
Coral Products (LSE:CRU)
Historical Stock Chart
From May 2024 to Jun 2024
Coral Products (LSE:CRU)
Historical Stock Chart
From Jun 2023 to Jun 2024