Roebuck Food Group

Solid start to FY19; A2-protein milk feasibility programme underway

  • Sectors : Foods
  • Companies : Roebuck Food Group

Ratings and price correct at time of issue.

  • Roebuck Food Group

    Closing Price: 65.0p

  • RATING 04/05/18

  • PREVIOUS RATING N/A

Person's Name

Katy Hutchinson CFA

Analyst

DAVY VIEW

Norish’s trading statement points to a strong profit out-turn in the first half, reporting Cold Store division profit growth of 38% in the first four months. The announcement of an A2-protein milk feasibility programme – while in its infancy – presents an intriguing proposition to shareholders. We anticipate no material changes to our forecasts ahead of the seasonally important second half.

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May 24 2019, 07:35 IST/BST

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