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Coral Products PLC - Manchester, England-based specialist in the design, manufacture and supply of plastic products - Expects revenue for the year ended April 30 to be over £35 million, compared to £14.4 million the year before. Says this is slightly ahead of market expectations. Adjusted earnings before interest, tax, depreciation and amortisation is expected to be not less than £3.5 million. Executive Chair Joe Grimmond says: ‘In spite of the challenging trading conditions in the second half of the year, we have had a successful year, completing a further four acquisitions, which has led to the group more than doubling the revenue base together with a near doubling of group Ebitda. This marks a significant step towards our objective of building a specialist UK plastics business of scale, targeting profitable, high-demand sectors’. Current stock price: 16.00 pence each 12 - month change: up 3.2% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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