Real Good Food: Pre-Close Trading Update

Liverpool / UK. (rgf) British Real Good Food Company PLC announces a pre-close trading statement ahead of the publication of its results for the year ended 31st March 2016. The Company is pleased to confirm that it expects to report Ebitda for the full year in line with current consensus expectations. As previously indicated, Real Good Food will be reporting an exceptional profit for the period, including 9.4 million GBP as a result of the sale of Napier Brown for total consideration of 44.4 million GBP. This exceptional profit means that the Board expects statutory Profit Before Tax for the year to be approximately 13.9 million GBP. The sale of Napier Brown resulted in a substantial improvement in the Group’s net debt position, and the Group expects to report net debt as at 31 March 2016 of 5.0 million GBP, compared to 30.1 million GBP as at 31 March 2015. The Company will announce its final results for the year ended 31 March 2016 in late July 2016.