Amala Foods PLC Annual Financial Report 2021 (3506U)
02 December 2021 - 6:29PM
UK Regulatory
TIDMDISH
RNS Number : 3506U
Amala Foods PLC
02 December 2021
Amala Foods Plc
( " Amala " or the " Company")
2021 Annual Financial Report
Amala Foods Plc (LON: DISH), a food technology company, is
pleased to announce the publication of the 2021 Annual Financial
Report for the Year Ended 31 March 2021 which can be downloaded at
the following link:
http://www.rns-pdf.londonstockexchange.com/rns/3506U_1-2021-12-2.pdf
The Annual Financial Report will shortly be available on the
Company website www.eatamala.com and will be uploaded to the
National Storage Mechanism.
The Company will now make application to the FCA for the listing
to be restored.
Operational Update
The Joint Venture Company, Amala Foods Inc, has made substantial
progress since being formed earlier this year. The Company
previously announced completing the Research and Development stage
for its plant-based products. The Company has now purchased
additional equipment and is able to commence the roll out of its
products as part of the initial commercial phase.
Amala has developed a bespoke plant-based pepperoni product for
American pizza chain, California Pizza Kitchen in the Philippines
which is now being featured on their menu. The Company hopes that
this will be a success and will lead to a wider roll out.
The Company is in the latter stages of negotiating supplying its
plant-based pepperoni to another pizza chain and its plant-based
burger to the restaurants of a well-known local chef.
As part of its business development activities the Company is
negotiating with a global restaurant group which if successful
would set the Company on an exponential growth trajectory in
2022.
The Company has also sponsored the plant-based trophy for the
25(th) anniversary of a notable culinary school where contestants
are using Amala's plant-based pepperoni.
The Company currently operates on a very low cash burn and
utilises a Salary Sacrifice.
Management will be in California, USA during December meeting
with various restaurant groups who have expressed in an interest in
Amala's products.
Enquiries:
Jonathan Morley-Kirk, Non-Executive Chairman
jmk@bigdish.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ACSFSESWEEFSESE
(END) Dow Jones Newswires
December 02, 2021 02:29 ET (07:29 GMT)
Amala Foods (LSE:DISH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Amala Foods (LSE:DISH)
Historical Stock Chart
From Apr 2023 to Apr 2024