Roebuck Food Group PLC (GB:RFG) has released an update.
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Roebuck Food Group PLC has successfully sold its dairy division to an Irish dairy partnership for €1.45 million, with a net gain of approximately €1.3 million after adjustments. This strategic move streamlines Roebuck’s operations to focus on food milling, ingredient importation, and product sourcing, following the dairy division’s loss-making performance in the previous year. The sale boosts the Group’s cash reserves, opening up opportunities for future investments and aligning with its positive outlook for the current financial year.
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