Coral Products ( (GB:CRU) ) has provided an update.
Coral Products plc has announced a three-year exclusive supply agreement through its subsidiary, Tatra Rotalac Limited, with a leading UK distributor for ice cream and food containers, expected to generate annual sales of £1.5 million to £2.0 million. Additionally, the company has completed the commissioning of in-house manufacturing for ECODECK floor grids, enhancing operational efficiency and resilience, and is projected to positively impact margins and cash flow.
More about Coral Products
Coral Products plc is a group of specialist businesses involved in the design, UK manufacture, and omni-channel supply of a wide range of bespoke plastic products. Based in Wythenshawe, Manchester, the company focuses on providing innovative plastic solutions across various industries.
YTD Price Performance: -8.00%
Average Trading Volume: 104,453
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.12M
See more insights into CRU stock on TipRanks’ Stock Analysis page.