Coral Products sees improved performance in first five months

23rd Oct 2018 14:23

(Sharecast News) - 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."