Coral Products PLC AGM Statement (0038L)
28 September 2016 - 4:00PM
UK Regulatory
TIDMCRU
RNS Number : 0038L
Coral Products PLC
28 September 2016
CORAL PRODUCTS PLC
("Coral" or the "Group")
AGM Statement
Joe Grimmond, Chairman of Coral, will provide the following
statement at the Group's AGM later today:
"I am pleased to announce that trading after the first 4 months
of the current year is in line with management's expectations.
Sales and Profits are both substantially ahead of same period for
last year in spite of the negative impact of the significant fall
in the value of sterling relative to the dollar and euro during
this year.
Management is working diligently to mitigate these effects. One
consequence of this fall is that it is likely to encourage the
trend to import substitution creating greater opportunities for our
UK manufacturing operations.
The recently merged tatra rotalac business is now fully
operational and is poised for further improvement.
Order levels and cash flow are strong and in spite of prevailing
uncertainties we remain confident for the year ahead.
Coral will announce its interim results for the six months
ending 31 October 2015 in December."
Enquiries
Coral Products plc Tel: 07703
Joe Grimmond, Chairman 518 148
Nominated Adviser
Cairn Financial Advisers LLP Tel: 020 7148
Tony Rawlinson / Liam Murray 7900
Broker
Daniel Stewart & Company plc Tel: 020 7776
David Lawman 6550
PR Tel: 07515
Capital Markets Consultants Limited 587184
Richard Pearson
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMUBSNRNKAKUAR
(END) Dow Jones Newswires
September 28, 2016 02:00 ET (06:00 GMT)