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Youfoodz maiden result likely to be its last

Sue Mitchell
Sue MitchellColumnist

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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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    Original URL: https://www.afr.com/companies/retail/youfoodz-maiden-result-likely-to-be-its-last-20210823-p58l9m