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Sosandar increases half year revenue by 53%

Women’s fashion retailer Sosandar increased its revenue by 53% to £2.82 million in the six months to 30 September. Gross profit rose to £1.5 million from… View Article

FASHION

Sosandar increases half year revenue by 53%

Women’s fashion retailer Sosandar increased its revenue by 53% to £2.82 million in the six months to 30 September.

Gross profit rose to £1.5 million from £1.01 million in the corresponding period in the previous year.

However, the company posted an underlying EBITDA loss of £2.7 million after it increased its upfront investment in its  team, products and marketing.

Ali Hall and Julie Lavington, Sosandar joint chief executives, said: “We are delighted to be reporting on a period of significant progress for Sosandar. The investments that were made in the latter part of the second quarter have resulted in exceptional autumn trading. Post period end, October was particularly notable, as we hit a special milestone – the first month where net revenues exceeded £1 million, a performance which November is on course to exceed.”

 

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