On 29 August 2017 RFG forecast NPAT growth of 6% for FY 2018, compared to FY 2017. This forecast was reaffirmed on 30 November 2017 and subsequently on 7 December 2017. On 19 December 2017 RFG issued a trading update to the ASX in which it announced that forecast NPAT for the first half of 2018 is currently expected to be approximately $22.0m, compared to 1H17 NPAT of $33.5m i.e. a drop of approximately 34%.
ASX enquired and on 21 December 2017 RFG lodged reply saying, as I read it, "Don't worry although first HY 2018 will be down NPAT for FY18 will still be $80 mil".
This is (apparently) RFG's current position.
Who thinks RFG will make $80 m NPAT for FY 18.
RFG Price at posting:
$1.20 Sentiment: None Disclosure: Not Held
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