25th Feb 2005 16:28
Coral Products PLC25 February 2005 Coral Products PLC Trading update Following a weaker than anticipated performance in the period since the interimresults announced on the 2nd December 2004, we advise that profit for thecurrent year ending 30th April 2005 will be significantly lower than themarket's current expectation. The influences of unexpected raw material price increases and slower thanexpected demand in the DVD market are having an adverse impact on operatingmargins. Although our market remains increasingly competitive, we are takingsteps to mitigate our raw materials exposure. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Coral Products