Bakery and ingredients group the Real Good Food Co has issued an upbeat forecast for the remainder of the year in its latest AGM.
The group said it had enjoyed strong trading in the first four months of 2010, with a rise in volumes at its Renshaws ingredients subsidiary due to increased exports to the US.
"The group has made a very good start to its financial year and has achieved the goals set by the board on working capital and profitability,” chairman Pieter Totté said.
“Results for the first four months of the current year are above expectations, driven by a particularly strong performance at Renshaws and continued progress at Hayden's, our bakery products business.”
The forecast comes after the group last year sustained a slight drop in sales to £215.6m, although it returned to profit after a loss-making 2008.
Real Good Food Co returns to profit (24 March 2010)