Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRGD.L Share News (RGD)

  • There is currently no data for RGD

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Real Good Food lifts sales

Tue, 03rd Jul 2012 07:05

Liverpool based sugar producer the Real Good Food Company lifted sales for the 15-months to end March following a robust performance from Renshaw and Garrett Ingredients. Revenue for the 15-month period increased to £305.5m from £249m for 12 months to 31 December 2010. EBITDA jumped 62% to £9.1m during the same period.Last year Real Good Food announced it was moving its reference date from 31 December to 31 March to better align its financial reporting with its trading seasonality.Napier Brown, Garrett and Renshaw all increased their EBITDA performance year on year, the cake maker and ingredients supplier said.Chairman Pieter Totte commented: "In 2011 we delivered on our commitment to return to growth in sales and profitability. We are now embarking on an exciting period designed to transform the scale of the group over the next three years. This strategy is rooted in robust plans produced by each individual business and we have restructured the group to support these." The group saw a significant improvement in EPS adjusted (fully diluted excluding significant items) at 5.7p for 15 months to 31 March 2012 up 119% on 2.6p for 12 months to 31 December 2010.Net Debt as at 31 March 2012 fell to £28.7m from £29.4m at 31 March 2011 in line with expectations.Last month Mauritius-based sugar giant Omnicane increased its stake in Real Good Food to 20%, helping Real Good Food reduce debts and provide alternative sources of sugar following the Sugar Regime reform."Customers in the EU are looking for alternative sources of sugar to provide competition to the reducing number of big EU beet producers," Real Good Food explained. "Omnicane can provide the experience and expertise in cane refining and Napier Brown can provide the routes to market, particularly in Europe where customers want and need new supply sources," it said.CJ
More News
12 Aug 2019 13:39

Real Good Food Negotiates Extended Payment Deadline For Loans

(Alliance News) - Real Good Food PLC said Monday it has negotiated with its three major shareholders an extension of repayment dates to funding arrangements.Former subsidiary Napier Brown a

Read more
15 Jul 2019 11:26

Real Good Food Promotes Unit Numbers Head Keeling To Finance Chief

(Alliance News) - Real Good Food PLC said Monday that divisional finance head Maribeth Keeling had been promoted to group chief financial officer for the cake decoration and food ingredients firm

Read more
30 May 2019 09:31

Real Good Food Shuffles Board After Being Fined For AIM Rule Breaches

LONDON (Alliance News) - Real Good Food PLC on Thursday said it has been fined GBP450,000 by the London Stock Exchange in addition to a public censure of the company related to AIM market rules at

Read more
13 Mar 2019 14:10

Real Good Food CEO To Take On CFO Duties As Harveen Rai To Depart

LONDON (Alliance News) - Real Good Food PLC said Monday that Chief Financial Officer Harveen Rai will step down and leave the company at the end of the month.The cake decoration and food no

Read more
8 Mar 2019 15:50

Real Good Food reaches out-of-court settlement with former sugar supplier

(Sharecast News) - Real Good Food said on Friday that it has reached an out-of-court settlement with one of its former sugar suppliers.

Read more
1 Feb 2019 10:24

Real Good Food sells off patisserie arm

(Sharecast News) - Real Good Food sold its RGF Patisserie subsidiary to Chantilly Patisserie as part of £200,000 deal on Friday.

Read more
1 Feb 2019 08:28

Real Good Food Sells RGF Patisserie To Management For GBP200,000

LONDON (Alliance News) - Real Good Food PLC on Friday said it completed the sale of RGF Patisserie Ltd to its management team for GBP200,000 in cash.The company, sold the business, trading

Read more
20 Dec 2018 09:04

Real Good Food disposes of jams and preserves unit

(Sharecast News) - Bakery and ingredients developer Real Good Food disposed of its jams and preserves wing R&W Scott for a total of £1.5m in cash on Thursday.

Read more
10 Oct 2018 12:38

North Midland Hires Former Low & Bonar CFO As Non-Executive Director

LONDON (Alliance News) - North Midland Construction PLC said Wednesday it has hired former Low & Bonar PLC Chief Financial Officer Michael Holt as an independent non-executive director, was of

Read more
28 Sep 2018 13:02

Real Good Food Loss Widens On Impairment Charges Despite Revenue Rise

LONDON (Alliance News) - Real Good Food PLC said on Friday its pretax loss widened in its last financial year due to impairment charges, despite reporting double-digit growth in revenue.The

Read more
19 Sep 2018 13:44

Real Good Food Appoints Former Walkers Unit CEO As Non-Exec Director

LONDON (Alliance News) - Real Good Food PLC on Wednesday appointed Steve Dawson as an independent non-executive director with immediate effect.The food company said Dawson is currently the

Read more
6 Sep 2018 10:16

Bakkavor Interim Profit Jumps; Buys Haydens Bakery From Real Good Food

LONDON (Alliance News) - Bakkavor Group PLC on Thursday reported a sharp jump in first half profit and said it has acquired for GBP12 million a bakery business serving major UK grocery FTSE 250 -

Read more
6 Sep 2018 08:07

Bakkavor H1 profit rises, buys Haydens Bakery for £12m

(Sharecast News) - Fresh prepared food provider Bakkavor announced the acquisition of Haydens Bakery from Real Good Food for £12m on Thursday as it posted a rise in first-half profit and revenue.

Read more
10 Aug 2018 09:30

Real Good Food Finds Good Appetite For GBP1 Million Share Offer (ALLISS)

LONDON (Alliance News) - Real Good Food PLC said Friday it had raised GBP1.0 million through an oversubscribed, though heavily discounted, open offer as part of the process of refinancing the cake

Read more
7 Aug 2018 15:36

Real Good Food Hires Former Low & Bonar CFO As Non-Executive Director

LONDON (Alliance News) - Real Good Food PLC on Tuesday said it appointed Michael Holt as an independent non-executive director with immediate effect.The cake, decoration & bakery firm a

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.