25 Sep 2019 07:00
Coral Products PLC
("The Group")
AGM Statement
Joe Grimmond, Non-executive Chairman will make the following statement at the AGM being held at noon today;
"With four months of the current financial period completed, sales and profits are below management's expectations. Currency fluctuations coupled with extremely variable trading conditions have led to this underperformance. Management has taken action to counter these negative effects and the Group remains profitable with a strong balance sheet.
"New business is expected to impact during the second half together with the management action taken, leads us to expect to still report a satisfactory outcome for the year as a whole. The prevailing uncertainties prevent me from being more upbeat."
Enquiries:
Coral Products PLC
Mick Wood, Chief Executive Tel 07788 565754
Nominated Adviser and Broker Tel 020 7213 0880
Cairn Financial Advisers LLP
Tony Rawlinson
Liam Murray
David Lawman
Capital Markets Consultants Tel 07515 587184
Richard Pearson
Coral Products (CRU)