Coral Products PLC AGM Trading Statement (3350Q)
October 27 2021 - 2:00AM
UK Regulatory
TIDMCRU
RNS Number : 3350Q
Coral Products PLC
27 October 2021
CORAL PRODUCTS PLC
('Coral' or the 'Company' or the 'Group')
AGM Trading Statement
Mr Joe Grimmond, Chairman, will make the following statement at
the Annual General Meeting of the Company today at around 12pm.
"I am pleased to announce that the Group has enjoyed a very
strong first half to our current financial period. The Group will
report sales and profits before tax substantially ahead of the same
period for last year.
This is in spite of a disappointing contribution from Global One
Pak Ltd. This is primarily due to logistic cost increases relating
to our Chinese trading compounded by the continuing ill health of
the managing director. Your Board have taken immediate steps to
address both issues however trading conditions, especially with the
Far East, remain problematic. The Board believe this is expected to
present better opportunities to on shore manufacture and we are
well set to benefit from such.
In order that our shareholders can share in this improvement
your Board has declared an interim dividend of 0.5 pence per share
with an ex-dividend date of 11 November 2021 and record date of 12
November 2021. This interim dividend will be paid on 3 December
2021."
ENQUIRIES :
Coral Products plc
Joe Grimmond, Executive Chairman Tel: 07703 518148
WH Ireland, Nominated Adviser and Broker Tel: 020 7220 1666
Adrian Hadden
Darshan Patel
Megan Liddell
Capital Markets Consultants Limited Tel: 07515 587184
Richard Pearson
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END
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