ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

CRU Coral Products Plc

10.75
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Coral Products Plc LSE:CRU London Ordinary Share GB0002235736 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.75 10.50 11.00 10.75 10.75 10.75 1,412 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Plastics Products, Nec 35.22M 1.26M 0.0141 7.62 9.59M

Coral Products PLC Trading Statement (4043A)

24/05/2023 7:00am

UK Regulatory


Coral Products (LSE:CRU)
Historical Stock Chart


From Mar 2023 to Mar 2024

Click Here for more Coral Products Charts.

TIDMCRU

RNS Number : 4043A

Coral Products PLC

24 May 2023

24 May 2023

Coral Products plc

(the "Group" or "Coral")

Trading Update

Coral Products plc, a specialist in the design, manufacture and supply of plastic products based in Wythenshawe, Manchester, is pleased to report that the unaudited group management accounts indicate that revenue for the year to 30 April 2023 is expected to be over GBP35m (2022: GBP14.4m) which is slightly ahead of market expectations. Adjusted EBITDA for the Group is expected to be not less than GBP3.5m (2022: GBP1.8m) which is ahead of market expectations.

The Group maintains a robustly healthy balance sheet with cash and cash equivalents of circa GBP5 million as at 30 April 2023.

It is our intention to pay a final dividend, the level of which will be decided on completion of the audited results for the year.

Executive Chairman, Joe Grimmond, said: " In spite of the challenging trading conditions in the second half of the year, we have had a successful year, completing a further 4 acquisitions, which has led to the Group more than doubling the revenue base together with a near doubling of Group EBITDA . This marks a significant step towards our objective of building a specialist UK plastics business of scale, targeting profitable, high-demand sectors".

www.coralproducts.com

ENQUIRIES :

Coral Products plc

Joe Grimmond, Executive Chairman Tel: 07703 518148

Nominated Adviser & Broker

Cenkos Securities plc

Adrian Hadden

Charlie Combe Tel: 020 7397 8900

Financial PR

Novella

Tim Robertson Tel: 0 20 3151 7008

Claire de Groot

Safia Colebrook

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTQXLFLXELBBBQ

(END) Dow Jones Newswires

May 24, 2023 02:00 ET (06:00 GMT)

1 Year Coral Products Chart

1 Year Coral Products Chart

1 Month Coral Products Chart

1 Month Coral Products Chart

Your Recent History

Delayed Upgrade Clock