Coral Products Regulatory News (CRU)

30 Apr 2008 10:06

Coral Products PLC30 April 2008 30 April 2008 CORAL PRODUCTS PLC INTERIM MANAGEMENT STATEMENT Coral Products PLC (the Company) presents an interim management statement forthe period ending 30 April 2008 as required by the UK Listing Authority'sDisclosure and Transparency Rule 4.3. The Company published its Interim Report on 7 December 2007 for the half yearto 31 October 2007. This interim management statement summarises any furtherrelevant information for the period since that announcement. There have been no material events or transactions to report for the period andperformance has continued in line with Directors' expectations. The Companycontinues to seek sales of products outside media based items. The operating margins have remained tight with continued increases in rawmaterial and transport costs. This has resulted in continued losses although theCompany's EBITDA remains positive due to the large depreciation expense. The financial position remains fairly strong following the acquisition ofInvoice Discounting facilities to finance the Company's working capitalrequirements. As previously reported no interim dividend for the year ended 30 April 2008 hasbeen proposed for payment. For further information call: Stephen FletcherCompany SecretaryCoral Products PLC01942 272882 This information is provided by RNS The company news service from the London Stock Exchange