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MySale reports strong growth

Australian flash sale company MySale Group grew its revenue by 6% to A$268 million in the year to 30 June. During the period, underlying pre-tax profit surged by 226% to A$3.3 million.

FASHION

MySale reports strong growth

Australian flash sale company MySale Group grew its revenue by 6% to A$268 million in the year to 30 June. During the period, underlying pre-tax profit surged by 226% to A$3.3 million.

The company said its focus on customer engagement saw the active customer base grow by 11%. Meanwhile, online revenue, which represents 90% of the group total, climbed by 10% to A$238.7 million.

Following the group’s acquisition of Identity Direct, it now has over one million active customers.

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. Sustained focus on our strategic goals has delivered yet another year of growing revenue and, more importantly, increasing profitability.

''Our new partnerships are testament to the strength and quality of our international marketplace platform demonstrating further progress in our strategy of working with global brands and retailers to provide our customers with unrivalled value as well as the best possible choice and service. Our partners include some of the largest, most successful international fashion, sports and general retailers. “

MySale said it has made a good start to current year with revenue growth accelerating and underlying profitability “growing strongly”.

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