News blog

Real Good Food

  • BY: Andrew Hore |
  • POSTED: 02/12/2019 |

Food ingredients supplier Real Good Food is showing some signs of improvement but there is a long way to go. 

In the six months to September 2019 revenues were 7% higher at £32.4m and the pre-tax loss slashed from £9.1m to £2.5m. That is partly due to lower restructuring costs and an improvement in margin.

Cake decoration contribution was lower but that was more than offset by a higher contribution from food ingredients and lower central costs.

New soft icing equipment will be installed by the beginning of 2020. This is a fast-growing part of the market. There is also a new US distribution agreement.

There is likely to be a small second half loss. Net debt is expected to increase from £35.7m to £38.5m at the end of March 2020, although it will be lower than the interim figure of £40m.

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds