- Plastic products maker Coral Products booked a fall in first-half profit and said it expected to post a small loss for the full year.

Pre-tax profit for the six months through October fell to £25k, down from £582k on-year.

Revenue dropped 7.2% to £12.14m.

Coral Products did not declare an interim dividend, having paid 0.25p in the previous corresponding period.

Coral Products said it had returned to profit following a disappointing second half of the previous year.

Chairman Joe Grimmond said the second half of the current financial year was 'encouraging', with the company's recycling business moving to a 24-hour, five-day a week operation.

However, a delay in the delivery of multi-box recycling system tooling and 'continued uncertainties' meant it was likely to report a small pre-tax loss for the full year, he added.

'We are confident that we can build on this base and in our future performancem,' Grimmond said.

At 12:45pm: [LON:CRU] Coral Products PLC share price was -1.38p at 6.75p

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