UK's Real Good Food surges on upbeat trading update

Real Good Food

31/10/2023 08:47

** Shares of Real Good Food  RGD.L  soar 112.5% to 2.55p,
their highest since Nov. 21, 2022
    ** HY revenues up 2% at 16.1 mln pounds ($19.6 mln), helped
by pricing actions; core loss narrows to 0.7 mln pounds from 2.3
mln pounds year ago 
    ** Cake decoration specialist says group trading well as
it starts busy seasonal third-quarter in lead up to Christmas
    ** Co says Oct revenues expected to be about 4.6 mln pounds,
up 6% YoY
    ** Currently stock at session high, taking YTD gains to
about 67%

($1 = 0.8223 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))