AGM Statement

RNS Number : 3337T

Coral Products PLC

11 October 2017

 

CORAL PRODUCTS PLC

("Coral" or the "Group")

AGM Statement

Joe Grimmond, Chairman of Coral, will provide the following statement at the Group's AGM at 12 noon today:

"I am pleased to announce that trading for the Group has continued its improvement from the final quarter of last year.

Sales are significantly ahead whilst margins have been broadly maintained, notwithstanding the ramp up costs associated with our recently introduced automotive business.

We expect further sales and margin improvement over the remainder of the current financial period.

This reflects our substantial investment in productive capacity during last year and will result in a reduced capital expenditure in the current year."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries

Coral Products plc Joe Grimmond, Executive Chairman	Tel: [phone] Tel: [phone]
Nominated Adviser Cairn Financial Advisers LLP Tony Rawlinson Liam Murray	Tel: [phone]
Broker Daniel Stewart & Co plc David Lawman	Tel: [phone]
Capital Markets Consultants Richard Pearson	Tel: [phone]

 

END

 

 

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