Coral Products plc announced audited earnings results for the year ended April 30, 2018. For the year, the company's revenue was GBP 23,405,000 compared with GBP 21,432,000 a year ago. Operating loss was GBP 186,000 compared with profit of GBP 693,000 a year ago. Loss before taxation was GBP 497,000 compared with profit of GBP 465,000 a year ago. Loss for the financial year attributable to the equity holders was GBP 370,000 or 0.45 pence per basic and diluted share compared with profit of GBP 458,000 or 0.55 pence per basic and diluted share a year ago. Net cash generated from operating activities was GBP 1,033,000 compared with GBP 1,095,000 a year ago. Acquisition of property, plant and equipment was GBP 907,000 compared with GBP 919,000 a year ago. Underlying operating profit was GBP 879,000 compared with GBP 1,093,000 a year ago. Underlying EBITDA was GBP 2,091,000 compared with GBP 1,914,000 a year ago. Underlying profit before taxation was GBP 568,000 compared with GBP 865,000 a year ago. Underlying earnings per share were 0.84 pence against 1.04 pence a year ago. The Group has increased net debt by £1.7 million in the year and gearing has increased to 55.5%.

For the year 2019, the company reported that they look forward with confidence to further progress.