Real Good Food plc provided earnings guidance for the year ended March 31, 2017 and for the year ending March 31, 2018. For the year, the company expects EBITDA to be approximately £2.3 million lower than previously expected. However, the anticipated benefits of these projects remain robust and are expected to be fully realised in the financial year ending 31 March 2019. The company announced that during the audit process of its full year accounts for the year ended 31 March 2017, two substantial anticipated claims regarding its sugar purchase arrangements have not yet materialized with the effect that it will not meet its previously forecasted profit figures. In addition, the Board has concluded that certain development costs, which had previously been capitalized in the fiscal year 2017, should more appropriately have been expensed. The Board expects the total of these adjustments and further accrued expenses will have the effect of reducing the anticipated EBITDA to approximately £2.0 million for the fiscal year 2017.