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THG's 拢43m deal for snack maker helps Real Good Food's losses 'significantly reduce'

The £43m deal for Brighter Foods was announced in May

A generic image of a baked berry cake (Image: www.pexels.com)

Pre-tax losses at Liverpool-headquartered Real Good Food "significantly reduced" after its £43m deal to sell Brighter Foods to THG.

The listed company has reported losses of £1.2m for the six months to the end of September 2021, compared to losses of £4.7m for the same period in 2020.

The business announced it had agreed to sell North Wales-based Brighter Foods to THG for £43m in May.

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Real Good Food has also confirmed that its revenue from continuing operations increased from £15.4m to £19.9m over the same time.

In a statement issued to the London Stock Exchange, the company said its revenue has "bounced back" to pre-Covid levels and is projected to exceed its prior year.

Executive chairman Mike Holt said: "We have made a good start to the year and the group is in good shape for the seasonally busier second half of the year.