The Real Good Food Company’s interim results saw total group sales dip 8% to £104m in the six months to 30 June. Overall, the group made a pre-tax loss of £1.59m in a period of "difficult trading conditions".
Sales at its baking ingredients division Renshaw grew 13% to £14.3m, but operating profit dropped 32% yoy to £78,000. Its sugar division Napier Brown saw sales fall 10% to £85.7m, with operating profit down 36% to £1.8m. Its bakery division, which includes Haydens Bakeries and Seriously Scrumptious, saw sales dip 4% to £8,535,000, with an operating loss of -£275,000.
Chairman Pieter Totte said Christmas was a critical period.