5 Jun 2008 10:38
The Real Good Food Company plc
AGM Result and Trading Update
The Real Good Food Company plc (Symbol: RGD) is an AIM-listed food Group, comprising three operating divisions: sugar, baking ingredients and bakery.
At today's Annual General Meeting, all resolutions were duly passed by shareholders.
Commenting on trading since the start of 2008, Chairman Pieter Totté said:
"I am pleased to be able to reiterate the comments I made in our preliminary results announcement in April. The current year has started with the Group trading in line with our expectations.
"Market challenges remain, heightened by uncertainties in commodity, credit and consumer markets. Management's focus will remain on improved operational efficiency, inventory management, customer service, product innovation and cash management.
"For the full year the Board expects the Group to report stable profit before tax from continuing operations, as raw material cost pressures are mitigated by the benefits accrued from both the efficiency improvement and cost recovery programmes initiated in 2007."
5 June 2008
ENQUIRIES:
The Real Good Food Company plc Tel: 020 7335 2500
Stephen Heslop Chief Executive
Lee Camfield Finance Director
Shore Capital Tel: 020 7408 4090
Guy Peters
College Hill Tel: 020 7457 2020
Gareth David
Note to EditorS
The Group's three operating divisions are:
Sugar: incorporating Napier Brown Foods, the UK's largest independent, non-refining, distributor of sugar supplying a range of sugar and dry ingredients to the retail, foodservice and industrial sectors;
Baking Ingredients: incorporating Renshaw, a leading manufacturer of marzipans, ready to roll icings, baking chocolate and jam, supplying major cake manufacturers, high street bakers and retailers;
Bakery: incorporating Hayden's Bakeries and Seriously Scrumptious: produces chilled and ambient premium patisserie and dessert products to retail grocery customers.
Further information about the Group is available via the website: www.realgoodfoodplc.com