IN BRIEF: Real Good Food Pleased With Better Third Quarter Performance

Real Good Food PLC - Liverpool-based food producer - Says third quarter revenue and earnings ...

Alliance News 13 January, 2021 | 8:27PM
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Real Good Food PLC - Liverpool-based food producer - Says third quarter revenue and earnings before interest, taxes, depreciation and amortisation in line with last year's third quarter at GBP19.4 million and GBP1.7 million respectively, and was in line with board expectations.

"As reported on 16 December, at the time of the publication of the notice of general meeting and trading update, the group's two businesses are getting stronger and more resilient after a tough first half. The near-term outlook continues to hold challenges due to Covid-19 but improved Q3 trading demonstrated encouraging progress and provides confidence for the future," says Real Good Food.

Once virus restrictions are lifted, Brighter Foods is "well-placed" to recommence the growth reported in the 2020 financial year, company says.

Executive Chair Mike Holt says: "It is pleasing that both businesses are getting stronger and more resilient despite the current economic challenges and that the group's Q3 performance was much improved on the first half and in line with last year and board expectations."

Current stock price: 4.00 pence

Year-to-date change: down 5.9%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Real Good Food PLC 4.25 GBX 6.25 -

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