THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
MySale achieves ‘record’ first half performance

MySale Group saw its revenue grow by 11% to A$151.9 million in the first half of its financial year. In the six months to 31 December,… View Article

GENERAL MERCHANDISE NEWS

MySale achieves ‘record’ first half performance

MySale Group saw its revenue grow by 11% to A$151.9 million in the first half of its financial year.

In the six months to 31 December, underlying EBITDA rose by 80% to a record A$5.5 million. Meanwhile, underlying pre-tax profit increased to A$2.3 million from A$0.6 million in the same period in the previous year.

During the half year, MySale accelerated investment in its data-driven proprietary technology platform. Its active customer base increased by 12% to one million as the company focused on activating customers with a higher lifetime-value. Sales on mobiles continued to grow and represented 60% of orders at the end of the period.

Carl Jackson, MySale chief executive, said: “We are very pleased to be reporting a record first half performance with growth in underlying EBITDA of 80% underpinned by double digit online revenue growth and improved gross margins, our sixth consecutive half of gross margin gains. This strong performance has been driven by our technology platform, which continues to enhance both our customer offer and relationships with our global brand partners.”

MySale operates online flash-sales and retail websites in the UK, Australia, New Zealand and South-East Asia.

Looking ahead, Jackson said: “It has been a great start to the new financial year and we approach the second half with confidence, with an exciting range of strategic opportunities ahead.”

Subscribe For Retail News