Roebuck Food Group Public Limited Company (CDI) (RFG)

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 13.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 17.75
  • 52 Week Low: 11.00
  • Currency: UK Pounds
  • Shares Issued: 49.66m
  • Volume: 3,731
  • Market Cap: £6.70m
  • RiskGrade: 205

Norish profits jump as cost cuts offset revenue decline

By Duncan Ferris

Date: Friday 20 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Norish reported a jump in interim profits on Friday as a drop in revenue was more than offset by the effects of tight cost controls.
The cold storage company said profit before tax came in at £1.3m for the six months ended 30 June, a 43% increase compared to the same period last year, as cost of sales was cut by 7% to £15.8m.

Tight cost controls in the cold storage division resulted in divisional profits growing by 23%, while operating margins expanded from 17.9% to 21.6%.

However, total revenue fell 5% to £17.5m as revenue from the sourcing division dropped 16% to £9.8m.

This more than offset 10% revenue growth to £7.3m from the cold store division and 100% growth to £0.4m at the dairy business.

In the remaining six months of the year, Norish said it will continue to focus on improving cold storage revenue generation, while also pursuing initiatives to offset underlying cost growth pressures.

Further growth initiatives will be sought for the sourcing division as it looks to return to a growth trajectory, while the company said a "much-improved result" is expected from the diary division after a very good year for grass production.

Norish shares were unchanged at 63.00p at 1256 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RFG Market Data

Currency UK Pounds
Share Price 13.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 17.75
52 Week Low 11.00
Volume 3,731
Shares Issued 49.66m
Market Cap £6.70m
RiskGrade 205

RFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.67% above the market average57.67% above the market average57.67% above the market average57.67% above the market average57.67% above the market average
8.89% below the sector average8.89% below the sector average8.89% below the sector average8.89% below the sector average8.89% below the sector average
Price Trend
74.51% above the market average74.51% above the market average74.51% above the market average74.51% above the market average74.51% above the market average
34.65% below the sector average34.65% below the sector average34.65% below the sector average34.65% below the sector average34.65% below the sector average
Income Not Available
Growth
38.91% below the market average38.91% below the market average38.91% below the market average38.91% below the market average38.91% below the market average
8.00% above the sector average8.00% above the sector average8.00% above the sector average8.00% above the sector average8.00% above the sector average

RFG Dividends

  Latest Previous
  Special Final
Ex-Div 21-Nov-21 23-Sep-21
Paid 29-Nov-21 15-Oct-21
Amount 166.00p 2.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
14:46 3,731 @ 12.00p

RFG Key Personnel

CEO Kieran Mahon
Finance Director Gerard Murphy

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