REG - Coral Products PLC - AGM Statement <Origin Href="QuoteRef">CRU.L</Origin>

Coral ProductsAnnouncement

11/10/2017 11:50

RNS Number : 3337T
Coral Products PLC
11 October 2017
CORAL PRODUCTS PLC
("Coral" or the "Group")
AGM Statement
Joe Grimmond, Chairman of Coral, will provide the following statement at the Group's AGM at 12 noon today:
"I am pleased to announce that trading for the Group has continued its improvement from the final quarter of last year.
Sales are significantly ahead whilst margins have been broadly maintained, notwithstanding the ramp up costs associated with our recently introduced automotive business.
We expect further sales and margin improvement over the remainder of the current financial period.
This reflects our substantial investment in productive capacity during last year and will result in a reduced capital expenditure in the current year."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquiries
Coral Products plc
Joe Grimmond, Executive Chairman 
Tel: 07703 518 148
Tel: 01942 272 882
Nominated Adviser
Cairn Financial Advisers LLP
Tony Rawlinson
Liam Murray
Tel: 020 7213 0880
Broker
Daniel Stewart & Co plc
David Lawman 
Tel: 020 7776 6550
Capital Markets Consultants
Richard Pearson
Tel: 07515 587 184

This information is provided by RNS
The company news service from the London Stock Exchange
  END
AGMUASRRBBARAAA