Coral puts brave face on profits dip

Merseyside-based moulded plastic goods Coral Products specialist products is putting a brave face on a big reduction in pre-tax profits. The listed Haydock company is attributing the fall in profit from £758,000 in the year to April 2016 to this year’s figure of £465,000 to the poor performance of Coral Products Mouldings. This also led to reduced underlying profit of £1.1m from £1.6m in 2016. However, turnover climbed 14.5% to £21.4m from £18.7m in the prior year. Chairman Joe Grimmond said: “We continue to inve... For the full story register now for free or login below...
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