The Real Good Food company has said that after a “challenging” third-quarter, it has seen some signs of improved performance in the last three months of the fiscal year.
In a trading update, the bakery-to-sugar group said the group has seen a “large positive swing in EBITDA” due to a stronger performance from its Napier Brown sugar business and improved trading at its bakery ingredients unit Renshaw.
RGFC is forecasting EBITDA of GBP10.5m (US$15.9m) in the 12 months to end-March, which represents a year-on-year increase of around 24%.
RGFC is scheduled to report its full-year results in June.
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