Source - SMW
Coral Products expects results for the year ended 30 April to be in line with both the board's and market's revised forecasts. 

It said that Further to the company's trading update on 27 January, the board was pleased to announce that the immediate actions taken by management in Q3 to address poor trading performance at the company's subsidiary, Coral Products Mouldings Limited in November and December 2016, had resulted in a much improved performance for the remainder of the financial year. 

And it said additional significant orders were expected to further improve performance in the current financial year.

It added: "As stated in the January update, all other group operations remained on budget and trading profitably and this has continued to be the case through to the year end.

"Overall, the board is pleased to report that Group underlying profit for the year (defined as operating profit before share option and intangibles amortisation charges and also compensation for loss of office) is expected to be in line with the board's and market's revised expectations."