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Share Price Information for Coral Products (CRU)

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5.625    0.00 (0.00%)
Bid:
5.50
Ask:
5.75
Spread: 0.25 (4.545%)
Market Cap: £5.00m
CRU Live PriceLast checked at - London Stock Exchange

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Trading Statement

28 Aug 2012 07:00

RNS Number : 7666K
Coral Products PLC
28 August 2012
 



28 August 2012

Coral Products plc

("Coral" or "the Group")

 

Trading Statement

 

Coral Products plc (AIM: CRU), which specialises in the design, manufacture and supply of injection-moulded plastic products, is pleased to report that trading for the first quarter of the financial year to 30 April 2013 has been solid and is in line with management expectations. In particular, Interpack Limited ("Interpack"), Coral's food packaging sales and distribution subsidiary, has continued to perform strongly and the Board looks forward to including the effect of its first full year in the Group's results.

 

Investment in manufacturing plant for food packaging containers and the upgrading of the Group's facilities has now been completed. Production of seven new products has commenced and sales are encouraging. Coral continues to invest in new products and its range of domestic waste and recycling products will expand through the introduction of an "Inner Caddy" for household wheeled bins which is expected to be in production by the end of 2012.

 

Following the successful acquisition of Interpack in September 2011, the Board has confidence in the strategy it has in place and is looking for further complementary earnings-enhancing acquisitions.

 

 

 

Enquiries

 

Coral Products plc

Joe Grimmond, Non-Executive Chairman

Warren Ferster, Chief Executive & Managing Director

 

 

Tel: 07703 518 148

Tel: 01942 272 882

Nominated Adviser

Cairn Financial Advisers LLP

Avi Robinson / Tony Rawlinson

 

 

Tel: 020 7148 7900

Broker

XCAP Securities plc

David Lawman / Adrian Kirk

 

 

Tel: 020 7101 7070

 

Bankside Consultants

Richard Pearson

Tel: 020 7367 8888

 

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