Food Revolution Group Records $7.3m increase to EBITDA
- The Food Revolution Group (FOD) shares are up today following its preliminary full year results
- Operating earnings before interest, taxes, depreciation and amortisation (EBITDA) was reported at $1.8 million, up $7.3 million from last year’s $5.4 million loss
- The improvement in EBITDA was driven by a combination of juice revenue and reduction of procurement, operational and administration expenses
- Group gross sales were down 0.5 per cent to $42 million, with beverage revenues at $40.6 million, up 13 per cent on last year
- At the end of June, FOD had $4.4 million cash in the bank
- FOD is trading in the grey at 2.4 cents per share at 2:35 pm AEST
