Trading Update

RNS Number : 3761E

Coral Products PLC

05 November 2020

 

5 November 2020

CORAL PRODUCTS PLC

('Coral' or the 'Company' or the 'Group')

Trading Update

Further to the announcement made on 27 October 2020, the Company confirms that the unaudited trading results for the 3-month period to 31 October 2020 (Q2 2020) remained in line with the positive trend reported in Q1 2020. 

Unaudited Sales have increased during the 3-month period to £6.8 million (Q1 £5.4 million), a 26% increase in Sales compared to the previous quarter. Margins are expected to be in line with Q1 2020. Performance across the Group continues to exceed management's expectations.

The Company believes that it is well positioned to face the continued challenges which will inevitably be experienced by the Company as a result of the second UK national lockdown.

This announcement contains inside information for the purpose of Article 7 of the EU Regulation 596/2014 and has been arranged for release by Sharon Tinsley, Finance Director of the Company.

For further information, please contact:

Coral Products plc Michael (Mick) Wood, Chief Executive Officer	Tel: [phone]
Nominated Adviser & Broker Cairn Financial Advisers LLP Liam Murray / Sandy Jamieson David Lawman (Corporate Broking)	Tel: [phone]

This announcement contains unaudited information and forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts and undue reliance should not be placed on any such statement because they speak only as at the date of this document and are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and Coral's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. Coral undertakes no obligation to revise or update any forward-looking statement contained within this announcement, regardless of whether those statements are affected as a result of new information, future events or otherwise, save as required by law and regulations.

 

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