CORAL PRODUCTS PLC (CRU) — Investor Presentation

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the CORAL PRODUCTS PLC Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time using the Q and A tab just situated on the right hand corner of your screen. Simply type in your questions at any time and press send. The company may not be in a position to answer every question received during the meeting itself. However, the company will review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, we'd like to submit the following poll, and I'm sure the company will be most grateful for your participation. It's a great pleasure to hand over to Joe Grimmins, Executive Chairman. Good morning, sir. Good morning. Welcome to our presentation on CORAL PRODUCTS PLC. My name is Joe Grimond, Executive Chairman. My fellow presenter is Sharon Tinsley, the Group Finance Director. Let me first comment on the first half results for twenty twenty two-twenty twenty three. Sales markedly up, EBITDA, profit before tax, earnings per share. Gross margin apparently fell, but this is more a mix problem rather than any deterioration in performance. Indeed, the legacy businesses performed very strongly and increased both sales and margin during the year. And as a result of this very strong performance, we've maintained the dividend, the interim dividend of $5.00 A very strong balance sheet, cash of 3,800,000. We've committed to 2,500,000 of, CapEx to support future business, significant benefits still to flow through. During 2021, we completely restructured the business disposing of the the HAEDOC manufacturing operations, CORAL PRODUCTS, Moldings and Interpac and the Freehold site. This elimin...