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Real Good Food leaves investors asking for more

Mon, 01st Aug 2011 14:08

The Real Good Food Company left a bad taste in its shareholders' mouths after disappointing with its half year results. Despite boasting improved year-on-year performance with increased volumes in sugar, dairy and bakery ingredients, the company has had to tackle difficulties in the sugar supply chain, where prices remain high and material in short supply. In the six months to 24 June 2011 the company saw its sales rise by 21% to £110.0m (2010: £90.7m), while profitability at the earnings before interest, taxes, depreciation, and amortisation level increased to £2.7m (2010: £0.6m). Executive Chairman, Pieter Totté, said: "Based on the progress we have made over the past six months, I am confident that the group is on course to meet market expectations for the year."Overall borrowings increased to £31.9m (2010: £28.3m) as a result of commodity costs increasing year-on-year, and additional stock levels were required to support growth plans. The company expects that there is likely to be some easing of stock levels following the key fourth quarter trading period. The growth in earnings has significantly improved debt cover and the group remains comfortably within its banking commitments.Implementation of the recovery plan remains broadly on track, although there has been some delay in the factory modernisation programme. The share price was -6.57% to 67.50p at 14:32. NR
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21 Nov 2022 11:56

Real Good Food shares surge after securing GBP2.5 million funding

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21 Nov 2022 11:15

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3 Oct 2022 11:33

Real Good Food loss widens on impairment; tough year ahead

(Alliance News) - Real Good Food PLC on Monday reported a widened loss for the most recent financial year, despite a rise in revenue, ahead of a "challenging" new financial year.

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30 Sep 2022 13:08

Real Good Food says trading remains tough and intends to cut more jobs

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30 Sep 2022 09:19

Real Good Food YTD volumes slip amid 'challenging' trading environment

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21 Apr 2022 14:26

IN BRIEF: Real Good Food finance director to depart at end-September

Real Good Food PLC - Liverpool-based cake decorations - Finance Director Maribeth Keeling will leave the company on September 30 "to pursue other interests", having served since July 2019. Real Good Food says it is seeking an interim finance director to allow for a smooth handover.

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20 Apr 2022 13:36

IN BRIEF: Real Good Food performs below expectations amid shortages

Real Good Food PLC - Liverpool-based food producer - Reports revenue of GBP40.5 million for the year ending March 31, representing a 9.0% increase on the previous year. Narrows pretax loss to GBP2.8 million from a loss of GBP6.1 million the previous year. Company says this performance is below what it had anticipated, having performed strongly in the first half of its financial year. Cites a "disappointing" third quarter performance due to severe shortages and "erratic" deliveries of key ingredients. Looking forward, company expects a "challenging" environment in terms of cost and demand pressures.

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20 Apr 2022 12:32

Tough six months sees Real Good Food fall short of forecasts

(Sharecast News) - Real Good Food reported full-year revenue of £40.5m in a trading update on Wednesday - an increase of 9.0% on last year, but below the pre-pandemic prior year.

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14 Feb 2022 10:55

Real Good Food shares fall on lower sales due to Omicron related woes

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14 Feb 2022 08:41

Shortages, staff absences dent sales at Real Good Food

(Sharecast News) - Cake decorations maker Real Good Food said on Monday that second-half revenue was set to be similar to the same period a year prior after shortages and staff absences dented sales in December and January.

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