Retail Food Group Provides Guidance Update for 1H2018

Retail Food Group Limited (RFG) confirms the recent conclusion of new Master Franchise Agreements for the United Kingdom in connection with the Crust Gourmet Pizza and Donut King Brand Systems respectively.

On 19 December 2017, RFG gave guidance that it expected statutory NPAT for the first half of FY18 (1H18) to be circa $22.0m, with the final result for 1H18 depending upon the timing of the finalisation of new international master licence sales and the risk to franchise earnings.

The Company has finalised certain new master licences contemplated by its announcement of 19 December 2017. Each of the UK licences are effective December 2017, however, given recent variation to an element of the commercial terms thereof (post 31 December 2017), the revenue derived from these transactions will now be included in RFG’s full year results for FY18 (but not for 1H18).

Accordingly, together with further consideration of additional transactional matters impacting 1H18, RFG now expects its statutory NPAT for 1H18 will be less than the $22.0m advised on 19 December 2017.


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