AGM Statement

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 Sharon Gramauskas, FD	Tel: [phone]
Cairn Financial Advisers LLP	Tel: [phone]
Nominated Adviser
Tony Rawlinson / Liam Murray
Daniel Stewart & Company plc	Tel: [phone]
Broker
David Lawman/Richard Potts
Capital Markets Consultants Limited	Tel: [phone]
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 identified 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 reflect 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.

 

END

 

 

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