1st Oct 2018 12:59
LONDON (Alliance News) - Coral Products PLC said Monday it has complied with the financial covenants in its mortgage loan facility since April 30 year end.
The plastic products manufacturer reported historic breaches of the financial covenants in its final results for the financial year 2018 on Friday.
Coral, however, said the facility provider has confirmed that it has complied with the covenants since April and a formal waiver of the historic breaches has been requested.
Shares in Coral Products were down 4.5% Monday at 9.55 pence each.
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