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Coral Products PLC (CRU)

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Wednesday 11 October, 2017

Coral Products PLC

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: 07703 518 148

Tel: 01942 272 882

Nominated Adviser

Cairn Financial Advisers LLP

Tony Rawlinson

Liam Murray

 

Tel: 020 7213 0880

 

 

Broker

Daniel Stewart & Co plc

David Lawman

 

 

Tel: 020 7776 6550

 

Capital Markets Consultants

Richard Pearson

Tel: 07515 587 184

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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