Why the Retail Food (ASX:RFG) share price is 5% higher

The Retail Food Group Limited (ASX: RFG) share price is up more than 5.5% today. At the time of writing, the Retail Food Group share price is up 5.6% to $0.075. Shares in the company are in hot demand after Retail Food released its results for the first half of FY21.  

Maintaining a profit despite COVID-19

Earlier today, Retail Food released its results for the first half of FY21.

Despite the impact of the COVID-19 pandemic on retail, Retail Food managed to maintain a profit for the first half.

The company recorded an underlying net profit after tax (NPAT) of $12.0 million. This was a 60% increase on the prior corresponding period (pcp). The result was underpinned by an underlying EBITDA of $14.4 million for the first half of…