Youfoodz maiden result likely to be its last
Key Points
- Revenue ($m) 203.8 up 18.8% from year-earlier 171.5
- EBITDA ($m) 1.0 compared with year-earlier -2.8
- Net profit ($m) -3.5 narrowed from year-earlier -6.5
- No dividend
Ready-made meals maker Youfoodz met revised profit forecasts after strong sales of home-delivered mealsoffset weaker-than-expected business-to-business sales.
In its first full-year result since a $70 million initial public offering in December, Youfoodz said it earned $1 million before interest, tax, depreciation and amortisation, between the $500,000 pro forma profit forecast in its prospectus and a statutory forecast of $2.9 million.
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