Real Good Food sells Chantilly Patisserie to its management team

Writer, Stock Market Wire
Friday, February 1, 2019 - 07:40

Real Good Food said it had sold frozen deserts producer Chantilly Patisserie to its management team for £0.2m.

The cash proceeds would fund working capital, the company said.

In the year through March, 2018, Chantilly contributed £2.4m of revenue and incurred a pre-tax loss of £0.3m.

Real Good Food said it expected to incur a combiin accounting profit on disposal of around £0.06m, but also a write-down of parent company reserves at 31 March 2019 of around £0.06m.

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