Coral Products confident, despite plunging into the red
Haydock plastics company Coral Products has suffered an almost £1m reversal in its pre-tax profits levels, but said it looks forward with confidence to an improved performance in the coming year.
Results for the year to April 30, revealed a pre-tax loss of £497,000, compared with a profit of £465,000 the previous year, despite achieving a 9.2% improvement in turnover of £24.4m.
The group blamed a poor performance at the Coral Products Mouldings division in the first eight months of the financial year.
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