Business
Half yearly report six months ended 31 Oct 2021
Half yearly report six months ended 31 Oct 2021.
About this update from Coral Products Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8530T\n Coral Products PLC\n 29 November 2021\n \n \n \n \n CORAL PRODUCTS PLC\n \n \n (\"Coral\" or the \"Group\")\n \n \n \n \n \n HALF YEARLY REPORT\n \n \n \n \n \n Coral Products plc, a specialist in the design, manufacture and supply of plastic products, is pleased to report its half yearly report for the six months ended 31 October 2021.\n \n \n \n \n \n \n \n \n \n \n \n Financial headlines\n \n \n \n \n \n \n \n \n \n \n Six months to\n \n \n 31 October\n \n \n 2021 \n \n \n \n \n Six months to\n \n \n 31 October\n \n \n 2020\n \n \n restated \n \n \n \n \n % change\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Group sales \n \n \n \n \n 7.1 million\n \n \n \n \n 4.5 million\n \n \n \n \n 57.8%\n \n \n \n \n \n \n Gross profit\n \n \n \n \n 2.5 million\n \n \n \n \n 1.7 million\n \n \n \n \n 47.1%\n \n \n \n \n \n \n Gross profit margin\n \n \n \n \n 35.7%\n \n \n \n \n 38.0%\n \n \n \n \n -6.1%\n \n \n \n \n \n \n Underlying operating profit (excluding finance expenses)*\n \n \n \n \n 759,000\n \n \n \n \n 563,000\n \n \n \n \n 34.8%\n \n \n \n \n \n \n Reported profit before taxation\n \n \n \n \n £510,000\n \n \n \n \n 286,000\n \n \n \n \n 78.3%\n \n \n \n \n \n \n Underlying EBITDA*\n \n \n \n \n £1,014,000\n \n \n \n \n £771,000\n \n \n \n \n 31.5%\n \n \n \n \n \n \n Underlying basic earnings per share*\n \n \n \n \n 0.81p\n \n \n \n \n 0.60p\n \n \n \n \n 35.0%\n \n \n \n \n \n \n Interim dividend per share\n \n \n \n \n 0.50p\n \n \n \n \n 0.50p\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n *The financial headlines disclosed as underlying represent the reported metrics excluding separately disclosed items (being share based payment charges, amortisation of intangible assets and other one-off costs in each period), see note 7.\n \n \n \n \n \n Operational and financial highlights \n \n \n \n \n \n - Strong net assets position has been maintained.\n \n \n \n \n \n - Interim dividend of 0.5p declared.\n \n \n \n \n \n - Cash and cash equivalents of £5.5m (2020: £1.3m). Cash and cash equivalents are defined as cash of £4.8m (2020: £1.3m) plus treasury sh...