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

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September 28, 2016 02:00 ET (06:00 GMT)