Real Good Foods Says Trading is on Track
Posted on: Thursday, 13 July 2006, 15:00 CDT
London-based Real Good Food Company, which owns a series of premium, niche food businesses, said sales volumes in its troubled sugar division are returning to historic levels, and full-year results are now expected to meet forecasts.
Real Good warned in May that regulatory changes in the sugar market could affect the performance of Napier Brown Foods, which it acquired last year. In a recent trading statement, however, the group said sales for the sugar business in June have exceeded those in the same month last year.
The company said its frozen fish business, Five Star, had an encouraging first half with volumes and selling prices ahead of plan, while the Renshaw bakery ingredients division has experienced sales "broadly in line" with last year.
"The group now enters its important summer and Christmas trading periods with devolved management teams focused upon delivering profit growth in the second half. The board remains confident of achieving full year expectations," Real Good Food told Money Week.
Source: Datamonitor
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