23rd Oct 2018 09:19
LONDON (Alliance News) - Coral Products PLC said Tuesday its profit and revenue were "materially" ahead of the year prior after a "very much improved" performance.
Speaking at the annual general meeting of the plastics maker, Chairman Joe Grimmond explained the five months ended September the company accounts "confirm a very much improved performance to date."
Grimmond explained that revenue, pretax profit and gross margin have already been recorded "materially" ahead of the half-year period ended October 2017.
For the six months ended October, Coral reported a pretax loss of GBP7,000 on revenue of GBP11.9 million.
"With October well advanced, we expect a much-improved performance overall for the six months to 31 October 2018," Grimmond said. "We remain confident of further progress in the coming year."
Shares in Coral were 6.7% higher at 10.40 pence on Tuesday.
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