Business
Interim Results
Interim Results.
About this update from Coral Products Plc
[{"type":"text","content":"\n \n \n \n CORAL PRODUCTS PLC\n \n \n \n (\"Coral\" or the \"Group\")\n \n \n \n \n \n \n Interim Results\n \n \n \n \n \n \n \n Coral Products plc, a specialist in the design, manufacture and supply of plastic products, announces its results for the six months to 31 October 2022.\n \n \n \n \n \n \n \n \"Investing in Growth - Organically and via Acquisition\"\n \n \n \n \n \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 \n \n Six months to\n \n \n \n \n 31 October\n \n \n \n \n 2022\n \n \n \n \n \n \n Six months to\n \n \n \n \n 31 October\n \n \n \n \n 2021\n \n \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 \n Group sales\n \n \n \n \n 17.6 million\n \n \n \n \n 7.1 million\n \n \n \n \n 147.9%\n \n \n \n \n \n \n Gross profit\n \n \n \n \n 4.8 million\n \n \n \n \n 2.5 million\n \n \n \n \n 92.0%\n \n \n \n \n \n \n Underlying operating profit (excluding finance expenses) *\n \n \n \n \n 1,376,000\n \n \n \n \n 759,000\n \n \n \n \n 81.3%\n \n \n \n \n \n \n Reported profit before taxation\n \n \n \n \n £894,000\n \n \n \n \n 510,000\n \n \n \n \n 75.3%\n \n \n \n \n \n \n Underlying EBITDA *\n \n \n \n \n 1,881,000\n \n \n \n \n 1,014,000\n \n \n \n \n 85.5%\n \n \n \n \n \n \n Underlying basic earnings per share *\n \n \n \n \n 1.17p\n \n \n \n \n 0.81p\n \n \n \n \n 44.4%\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 \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 \n \n Operational and Financial Highlights\n \n \n \n \n \n \n \n \n \n Completed Acquisitions\n \n \n \n Of the £17.6m in sales, £10.3m came from the acquired businesses:\n \n \n · \n May 2022, Film & Foil Solutions Ltd acquired for £3.0m.\n \n \n · \n May 2022, Alma Products Ltd acquired for £2.5m (including an earn out of up to £1m).\n \n \n · &n...