Coral Products PLC Trading Update (3761E)
05 November 2020 - 7:59PM
UK Regulatory
TIDMCRU
RNS Number : 3761E
Coral Products PLC
05 November 2020
5 November 2020
CORAL PRODUCTS PLC
('Coral' or the 'Company' or the 'Group')
Trading Update
Further to the announcement made on 27 October 2020, the Company
confirms that the unaudited trading results for the 3-month period
to 31 October 2020 (Q2 2020) remained in line with the positive
trend reported in Q1 2020.
Unaudited Sales have increased during the 3-month period to
GBP6.8 million (Q1 GBP5.4 million), a 26% increase in Sales
compared to the previous quarter. Margins are expected to be in
line with Q1 2020. Performance across the Group continues to exceed
management's expectations.
The Company believes that it is well positioned to face the
continued challenges which will inevitably be experienced by the
Company as a result of the second UK national lockdown.
This announcement contains inside information for the purpose of
Article 7 of the EU Regulation 596/2014 and has been arranged for
release by Sharon Tinsley, Finance Director of the Company.
For further information, please contact:
Coral Products plc Tel: 07788 565
Michael (Mick) Wood, Chief Executive Officer 154
Nominated Adviser & Broker Tel: 020 7213
Cairn Financial Advisers LLP 0880
Liam Murray / Sandy Jamieson
David Lawman (Corporate Broking)
This announcement contains unaudited information and
forward-looking statements that are based on current expectations
or beliefs, as well as assumptions about future events. These
forward-looking statements can be identified by the fact that they
do not relate only to historical or current facts and undue
reliance should not be placed on any such statement because they
speak only as at the date of this document and are subject to known
and unknown risks and uncertainties and can be affected by other
factors that could cause actual results, and Coral's plans and
objectives, to differ materially from those expressed or implied in
the forward-looking statements. Coral undertakes no obligation to
revise or update any forward-looking statement contained within
this announcement, regardless of whether those statements are
affected as a result of new information, future events or
otherwise, save as required by law and regulations.
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END
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