Share Prices & Company Research

Market News

20 May 2019 | 07:13

Coral Products says full-year results won't be as bad as feared

Coral Products said results for the full year would not be as bad as previously anticipated following March and April's performance. 'With the benefit of March and April's actual results together with urgent management action we are pleased to report that the variance from market expectation, while still material, will not be as significant as previously expected,' the company said. In March, the company said it expected the results for the year to be 'materially below market expectations. ' During the year, the company developed a number of new products all of which would be introduced into production and sales during the current financial year.  For the full-year ended 30 April 2019, the company expected a marked improvement over the previous year's results, with sales, operating profit, earnings (EBITDA) and gross margins much improved. 'Overall debt slightly increased as we continued to invest in new products, processes, plant and people, to ensure we have the resources to meet what we believe will be increased market demand,' the company said.

Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.