Coral Products (GB:CRU) has released an update.
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Coral Products PLC, a UK-based manufacturer of bespoke plastic products, has reported an expected annual revenue of over £31m and underlying EBITDA of at least £3.2m, in line with market expectations. Following a period of strategic restructuring, which included exiting low-margin revenue streams and investing £3m in manufacturing capabilities, the company plans to reinstate a dividend payment to shareholders. CEO Lance Burn expresses optimism about the company’s direction, citing improvements across markets and ongoing commitment to four strategic growth pillars.
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