16th Jul 2024 18:31
Sosandar PLC - Cheshire, England-based online women's fashion brand - Reports results for year ended March 31. Revenue up 9.0% to GBP46.3 million from GBP42.5 million the year prior. Swings to pretax loss, however, of GBP332,000 compared to profit of GBP1.6 million a year prior. Administrative costs increase to GBP27.0 million from GBP22.2 million. On more recent trading, encouraged by gross margin growth of 670 basis points to 63.4% in first quarter of financial 2025, compared to 56.7% a year prior. Has also implemented during first-quarter an 80% reduction in online price promotional activity compared to last year. Says will continue to prioritise margin enhancement and expects enhanced brand presence and sales mix through online business to deliver revenue growth moving forward. Read More
