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Financial review forces small cap to downgrade earnings for second time in a month
Thursday 31 Aug 2017 Author: Daniel Coatsworth

In-store bakery operator and food manufacturer Real Good Food (RGD:AIM) has disappointed shareholders for the second time in a month after flagging another hit to earnings.

The company says following a review, earnings before interest, tax, depreciation and amortisation (EBITDA) for the year to 31 March 2017 will now be £1m which is half its previous estimate.

Real Good Food issued a profit warning on 1 August saying it had to adjust financial estimates due to accounting issues.

 

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