Investors not sweet on Real Good Food

AIM-listed outfit Real Good Food (LON:RGD) has seen its share price fall by 5.66% as it continued to book a loss for the half-year ended 30th September. Revenues were up by 7% for the period and underlying EBITDA improved substantially.

Chairman Mike Holt said: “The Group has made significant progress over the past six months, especially within Food Ingredients where capacity has doubled and is almost fully utilised with strong order intake and commitments from both new and existing customers. Whilst Cake Decoration has had a difficult period, its new Chief Executive has launched a major improvement programme focussed on developing strategic partnerships with customers and distributors and driving fundamental operational improvements, the benefits of which are beginning to come through.

“The Group now has two core businesses with clear growth strategies, and the leadership and resources to deliver upon them. With a lower cost base in place and the Group’s improving performance increasingly evident, the Board is confident of delivering further progress in the second half and beyond“.