Business
Replacement - Half Yearly Rep
Replacement - Half Yearly Rep.
About this update from Coral Products Plc
[{"type":"text","content":"\n RNS Number : 7963J Coral Products PLC 09 December 2008 \nThe following amendments has been made to the 'Interim Results' announcement released on 5 December 2008 at 7.00am under RNS No 5711J.\n \nThe reason for the rerelease of the announcement was because of the incorrect Catogrisation of the Balance Sheet. \n \nAll other details remain unchanged.\n \nThe full amended text is shown below.\n \n CORAL PRODUCTS PLC\n\n2008 Interim Results\n\nCoral Products PLC announces interim results for the six months ended 31 October 2008.\n\nIn his statement to shareholders the Chairman, Geoffrey Piper, said:\n\n'This financial year started with trade continuing to suffer from the high raw material and power prices. However, with the recent falls in oil prices we are now seeing more favourable trading margins and can, therefore, anticipate reduced losses going forward. Overall sales have increased by 10% and both CD and DVD case sales have contributed towards this improvement. Meanwhile, we have continued to diversify into areas other than media products and, whilst progress has been slower than we would have wished, we have developed a number of new products, with more planned for next year. We are now seeing a better future for the business although, in the short term, the current economic climate and conditions may impact on our progress.''\n\nSummary\n\n\n\n\n\n\n\n\n\n\n\n\n\nSix months ended\n31 October\n2008\n\n\nSix months ended\n31 October\n2007\n\n\nYear\n ended\n30 April\n2008\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTurnover\n\n\n£7 ,782,000\n\n\n£ 7,056,000\n\n\n£ 14,389,000\n\n\n\n\n\n\n\nGross Profit\n\n\n£2,293,000\n\n\n£1,840,000\n\n\n£2,454,000\n\n\n\n\n\n\n\nPre-tax loss before exceptional item\n\n\n£ 788,000\n\n\n£ 899,000\n\n\n£ 1,721,000\n\n\n\n\n\n\n\nPre-tax loss after exceptional item\n\n\n£ 788,000\n\n\n£ 180,000\n\n\n£ 1,003,000\n\n\n\n\n\n\n\nEBITDA\n\n\n£212,000\n\n\n£857,000\n\n\n£1,245,000\n\n\n\n\n\n\n\n(Loss) / Earnings per share\n\n\n(3.09) p\n\n\n0.55 p\n\n\n(2.50)p\n\n\n\n\n\n\n\nDividend\n\n\nNIL\n\n\nNI...