Change of Accounting Reference Date (1304F)
19 Avril 2011 - 8:01AM
UK Regulatory
TIDMRGD
RNS Number : 1304F
Real Good Food Company Plc (The)
19 April 2011
The Real Good Food Company plc (AIM: RGD)
Change of Accounting Reference Date
The Real Good Food Company plc ("the Group"), owns the largest
independent non-refining distributor of sugar in Europe (Napier
Brown) and is a supplier of bakery ingredients (Renshaw) and a
manufacturer of sweet bakery products (Haydens) for a range of
major retail customers.
The board of directors of RGFC plc announces that the Group is
changing its accounting reference date from 31 December to 31
March.
The board has taken this decision to better align the reporting
timeline of the Group with the seasonality of its individual
businesses. In particular, both the Renshaw and Napier Brown
businesses are highly seasonal, with the October to December period
being especially busy, such that the second half of the calendar
year accounts for 80-90% of their respective annual profitability.
Hayden's, our bakery business, whilst not having as pronounced a
skew as this also experiences a peak sales period between October
and December.
At the moment the Group is faced with preparing annual budgets
and projections before the key trading period of the current year
is complete. By moving away from a December year end, it should be
possible to improve both the quality and accuracy of our budget and
"investor reporting" process.
As a result of the change of accounting reference date, the
Group's reporting calendar over the next two years will be as
follows:
-- Unaudited interim results for the six months to 30 June 2011,
to be published by 30 September 2011
-- Second unaudited interim results for the six months to 31
December 2011, to be published by 31 March 2012
-- Audited results for the year ending 31 March 2012, to be
published by 30 June 2012
-- Unaudited interim results for the six months to 30 September
2012, to be published by 31 December 2012
19 April 2011
ENQUIRIES:
The Real Good Food Company plc Tel: 0151 706 8200
Pieter Totte, Chairman
Mike McDonough, Group Finance Director
Shore Capital Tel: 020 7408 4090
Stephane Auton
College Hill Tel: 020 7457 2020
Gareth David
This information is provided by RNS
The company news service from the London Stock Exchange
END
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