Retail Food Group Trading Update and FY20 Guidance, Stock up ~19%

  • Jun 26, 2020 AEST
  • Team Kalkine

Retail Food Group Limited (ASX:RFG) had continued to see an upsurge among customers within shopping centres after the government eased COVID-19 restrictions.

The Company notified that 17 stores remain temporarily closed; however, the pandemic has expedited the permanent closure of few of its outlets.

Retail Food Group has also provided FY20 underlying EBITDA guidance of nearly A$35 million and anticipates net debt at 30 June 2020 will be approximately A$25 million.

Post announcement on 26 June 2020, RFG quoted at A$0.073 surged by 19.672% at AEST 11:39 AM.

 


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