Coral Products PLC
30 April 2008
30 April 2008
CORAL PRODUCTS PLC
INTERIM MANAGEMENT STATEMENT
Coral Products PLC (the Company) presents an interim management statement for
the period ending 30 April 2008 as required by the UK Listing Authority's
Disclosure and Transparency Rule 4.3.
The Company published its Interim Report on 7 December 2007 for the half year
to 31 October 2007. This interim management statement summarises any further
relevant information for the period since that announcement.
There have been no material events or transactions to report for the period and
performance has continued in line with Directors' expectations. The Company
continues to seek sales of products outside media based items.
The operating margins have remained tight with continued increases in raw
material and transport costs. This has resulted in continued losses although the
Company's EBITDA remains positive due to the large depreciation expense.
The financial position remains fairly strong following the acquisition of
Invoice Discounting facilities to finance the Company's working capital
requirements.
As previously reported no interim dividend for the year ended 30 April 2008 has
been proposed for payment.
For further information call:
Stephen Fletcher
Company Secretary
Coral Products PLC
01942 272882
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.