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MySale delivers on growth

Australian flash sale company MySale Group has reported making good progress in the year to 30 June.

GENERAL MERCHANDISE

MySale delivers on growth

Australian flash sale company MySale Group has reported making good progress in the year to 30 June.

In a pre-close trading statement, the company said gross profit climbed by 14% to A$240 million while underlying EBITDA increased by 58% to approximately A$8.7 million

Online revenue grew by 10%, to A$240 million driven by a growing active customer base

Carl Jackson, MySale chief executive, said: ''We are very pleased with the group's progress during the year and the improved financial performance, which delivered significantly increased underlying EBITDA, in line with market forecasts. Sustained focus on our strategic goals has delivered another year of growing revenue and, more importantly, increasing profitability.

''The momentum carried into FY18 is strong and we have a number of exciting strategic initiatives that will support the continued growth in revenue and profitability.”

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