LONDON (Thomson Financial) - Real Good Food Co. Plc. reported a fall in full
year pretax operating profit before significant items but said it expects stable
profitability in the current year.
The bakery company reported a pretax operating profit, before significant
items for the year ended Dec 31, of 9.6 million pounds, down from 13.3 million
pounds a year earlier while revenue rose to 231.1 million pounds from 221.7
million pounds.
The company also said its net debt levels have been reduced to 25.9 million
pounds from 56.6 million pounds.
Real Good Food said the current year trading is in line with its revised
budget expectations.
However, the company said market challenges remain heightened by
uncertainties in commodity, credit and consumer markets and that it is focused
on improving operational efficiency, inventory management, customer service and
product innovation.
TFN.newsdesk@thomson.com
rda/jlw
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|