Business
Final results for year ended 30 April 2021
Final results for year ended 30 April 2021.
About this update from Coral Products Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0312O\n Coral Products PLC\n 05 October 2021\n \n \n \n \n 5 October 2021 \n \n \n CORAL PRODUCTS PLC\n \n \n ('Coral' or the 'Company' or the 'Group')\n \n \n \n \n \n Final results for year ended 30 April 2021\n \n \n \n \n \n Coral Products PLC, a specialist in the design, manufacture and supply of injection moulded plastic products based in Wythenshawe, Manchester, announces its audited final results for the year ended 30 April 2021.\n \n \n \n \n \n KEY FINANCIALS\n \n \n \n \n \n \n \n \n \n 2021\n \n \n \n \n 2020\n \n \n Restated\n \n \n \n \n \n \n \n \n \n £\n \n \n \n \n £\n \n \n \n \n \n \n Group revenue on continuing activities\n \n \n \n \n 10,714,000\n \n \n \n \n 8,703,000\n \n \n \n \n \n \n Underlying operating profit - continuing activities*\n \n \n \n \n 867,000\n \n \n \n \n 357,000\n \n \n \n \n \n \n Separately disclosed non-cash items\n \n \n \n \n (292,000)\n \n \n \n \n (641,000)\n \n \n \n \n \n \n Gross Margin\n \n \n \n \n 35.5%\n \n \n \n \n 33.4%\n \n \n \n \n \n \n Underlying Profit for the year before taxation - continuing activities*\n \n \n \n \n 756,000\n \n \n \n \n 230,000\n \n \n \n \n \n \n Loss for the year before taxation - continuing activities\n \n \n \n \n (316,000)\n \n \n \n \n (463,000)\n \n \n \n \n \n \n Underlying EBITDA*\n \n \n \n \n 1,284,000\n \n \n \n \n 781,000\n \n \n \n \n \n \n EBITDA\n \n \n \n \n 496,000\n \n \n \n \n 715,000\n \n \n \n \n \n \n Basic and diluted earnings per share - continuing operations\n \n \n \n \n (0.29)p\n \n \n \n \n (0.46)p\n \n \n \n \n \n \n Basic earnings per share - discontinued operations\n \n \n \n \n 0.86p\n \n \n \n \n (0.53)p\n \n \n \n \n \n \n Diluted earnings per share - discontinued operations\n \n \n \n \n 0.84p\n \n \n \n \n (0.53)p\n \n \n \n \n \n \n Dividend paid per share \n \n \n \n \n 0.00p\n \n \n \n \n 0.00p\n \n \n \n \n \n \n \n \n \n * Underlying results are reported before separately disclosed items, as shown in note 2. Such underlying results are not intended to be a substitute for, or superior to, IFRS measures of profit. \n \n \n \n \n \n HEADLINES\n \n \n \n \n \n · \n In February 2021, Coral Products (Mouldings) Ltd and Interpack Ltd were sold for £7.8m.\n \n \n \n \n \n · \n Customised Packaging Ltd was acquired for £1.2...