Youfoodz (ASX:YFZ) delivers its first earnings report

Youfoodz Holdings Ltd (ASX: YFZ) has delivered its inaugural earnings report this morning. The food delivery company has given investors a first post-float look at its numbers for the first half of the 2021 financial year (1H21).

After surging 2.62% to a high of 98 cents per share in early trade, the Youfoodz share price has retreated to 96 cents at the time of writing, up 0.52%.

What did Youfoodz report this morning?

Youfoodz had delivered a gross revenue metric of $100 million (on the dot) for 1H21. That’s a 16.5% increase on the company’s revenue of $85.8 million for the same period last year (1H20). Meanwhile, net revenues were also up 15.3% from $63.6 million in 1H20 to $73.4 million in 1H21.

That helped push gross profits…