Coral Products sees improved performance in first five months

Investors in Coral Products heard how the company had seen an improved performance in the new year on Tuesday, as they gathered for its annual general meeting.

The AIM-traded firm said that, with five months of the financial year completed, its management accounted confirmed a “very much improved” performance to date.

Non-executive chairman Joe Grimmond said sales, gross margin, EBITDA and profit before tax were all already “materially ahead” of the full six month period to 31 October 2017.

“With October well-advanced, we expect a much-improved performance overall for the six months to 31 October 2018,” Grimmond told shareholders.

“We remain confident of further progress in the coming year.”