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Real Good Food revenues and profit jump

Tue, 20th Mar 2012 08:16

UK bakery, ingredient and sugar group Real Good Food reported a year-on-year rise in both revenue and pre-tax profit in the second half of 2011. Profit for the six month period rose from £3.2m to £4.2m on revenues of £139.3m compared to £109.4m the same period the previous year. Gross profit rose from £14.8m to £20.1m. Profit from continuing operations rose from £2.5m to £3.3m year-on-year. Basic profit per share rose from 3.8p to 5.1p. Overall, the Net Debt / EBITDA (earnings before interest, tax, depreciation and amortisation) ratio improved significantly, down from 4.0 at 31 December 2010 to 2.8 at December 31st. In a statement the company said: "Increased commodity costs during the year have pushed up working capital levels but, as previously forecast, these have now eased with the year closing at £36.7m, down from £39.7m at June 2011. This is reflected, along with the benefit of higher cash generation in the second half, in a lower net debt level of £25.8m, down from £31.9m at June 2011."We have a clear growth plan. Our strategic focus is on creating solid sustainable profitability based on self-help initiatives including brand development, sales growth and risk management. We are now seeing significant benefits coming through from this. We are also benefitting from our adjustment to the structural development in market supply affecting our biggest business, Sugar, in which we moved from a surplus market to a deficit market, with associated higher prices and the need to secure surety of supply." EBITDA was up 62% to £9.1m (2010: £5.6m). Cash levels fell from £3.2m to £1.5m.The company is in the process of changing its financial year end from the end of December to the end of March. NR
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17 May 2018 16:45

Real Good Food Confirms GBP8.2 Million Shareholder Funding

LONDON (Alliance News) - Real Good Food PLC on Thursday said it had confirmed agreements for funding from major shareholders worth GBP8.2 million.Earlier in May, the company had said Napier

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4 May 2018 16:27

Real Good Food Secures GBP8.2 Million From Major Shareholders

LONDON (Alliance News) - Real Good Food PLC said Friday it agreed terms for at least GBP8.2 million funding from major shareholders.This follows an end of March announcement by the company

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27 Mar 2018 17:10

Real Good Food Secures GBP4 Million Loan From Major Shareholders

LONDON (Alliance News) - Shareholders in Real Good Food PLC, a cake decoration and food ingredients company, executed a term sheet providing a loan for GBP4 to pressure

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2 Feb 2017 12:29

Ingredient price rises a concern for Real Good Food

(ShareCast News) - Real Good Food updated the market on its trading on Thursday, having previously indicated that it makes the majority of is profits in the second half of the year, which includes the important third quarter trading period for cake decoration and premium bakery in the run up to Chri

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6 Dec 2016 10:51

Real Good Food warns earnings could fall short of market views

(ShareCast News) - Diversified food business Real Good Food said its pre-tax loss widened in the six months to the end of September and warned there was a risk its year-end earnings before interest, tax, depreciation and amortisation could miss market expectations. The company reported a loss before

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19 Sep 2016 09:47

Real Good Food expands cake decorating business into US

(ShareCast News) - Real Good Food announced its expansion in the US on Monday through the creation of new subsidiary Renshaw Americas. Renshaw Americas has secured a five-year lease on a 18750 sq ft. warehousing facility in Rockaway, New Jersey, which the company said was an ideal location for onwa

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12 Sep 2016 11:03

Real Good Food baking up maiden dividend

(ShareCast News) - Real Good Food revealed that it is planning on paying a first dividend next year and that trading at its bakery and cake decorating businesses has been satisfactory. On the day of the AIM-listed food manufacturing company's annual shareholder meeting, executive chairman Pieter Tot

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1 Aug 2016 12:23

Real Good Food swings to FY profit but revenues drop

(ShareCast News) - Diversified food business Real Good Food swung to a full-year profit thanks to the sale of its sugar division Napier Brown, but revenue dropped sharply. In the year to the end of March, the company generated a statutory pre-tax profit of £12.9m compared to a loss of £3.5m the year

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19 May 2016 09:46

Real Good Food Opens Technology And Training Hub In Liverpool

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26 Apr 2016 08:22

Real Good Food Annual Earnings To Be Line With Current Expectations

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10 Feb 2016 13:53

Real Good Food buys Devon-based Chantilly Patisserie

(ShareCast News) - Real Good Food's wholly-owned subsidiary Haydens Bakery has bought Chantilly Patisserie for £1.75m, using existing cash resources. For the 12 months to March 2015, Chantilly - a Devon-based producer of handmade frozen desserts - had turnover of £2.5m and earnings before interest,

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10 Feb 2016 09:37

Real Good Food's Haydens Bakery Buys Devon-Based Chantilly Patisserie

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1 Feb 2016 09:46

Real Good Food warns on profits

(ShareCast News) - As it reorganises under its new 'three pillars' strategy, Real Good Food has warned that profits will be short of market expectations. Margins have been squashed due to the heavy investment in staff and development of products and brands as part of the shift to the three pillars o

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1 Feb 2016 08:18

Real Good Food Warns On Full-Year Profit After Heavy Investing

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10 Dec 2015 08:48

Real Good Food Buys ISO2 Nutrition Business From Administrators

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