Coral Products (GB:CRU) has released an update.
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Coral Products PLC, a Wythenshawe-based plastic products manufacturer, reported a decrease in annual revenues to £31.0 million and a drop in underlying profits, despite improved gross margins following strategic divestments. The company has restructured under a new two-division system and has continued to focus on sustainability and innovation in its operations, as well as completing strategic acquisitions like Ecotatou SL in Spain. Additionally, a proposed final dividend of 0.25p per share has been announced, marking a reinstatement of dividend payments.
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