29th Nov 2021 10:47
Coral Products PLC - Merseyside-based supplier of injection moulded plastic products - records a pretax profit of GBP510,000 for the six months ended October 31, up 78% from GBP286,000 a year before. Says revenue grew 58% to GBP7.1 million from GBP4.5 million in the half-year period.
States it was able to generate this growth despite Covid-19, Brexit, trading and currency fluctuation challenges. Reports interim dividend remained flat at 0.50p. Still notes improved cash position due to GBP3.5 million sale of land and building at Haydock, Merseyside. Remains confident in future prospects.
"I am delighted with the performance of the business in the first half of the financial year. I am pleased to report that the results to date are well ahead of the same period last year, in spite of the prevailing uncertainties of Brexit and the Covid-19 pandemic," Chair Joe Grimmond said.
Current stock price: 16.00 pence
Year-to-date change: up 73%
By Abby Amoakuh; [email protected]
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