Retail Food Group Reports Robust FY24 Gains

Retail Food Group Limited (AU:RFG) has released an update.

Retail Food Group Limited, the Australian food and beverage giant, has reported a significant turnaround in its FY24 financial results, with revenues climbing by 9.8% and profits soaring by 164.7% compared to the previous fiscal year. The remarkable recovery is marked by a 611.6% increase in reported EBITDA, reflecting the company’s successful cost management and strategic growth initiatives. Despite these gains, the company’s net tangible assets per security reflect a marginal decline.

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