21st Jul 2015 07:52
LONDON (Alliance News) - Fishing Republic PLC on Tuesday said its trading performance in the first six months has been strong and said it has started the second half well.
The fishing tackle retailer, which floated on AIM at the start of June, said sales are expected to be slightly higher year-on-year in the first half, while its margins have improved "considerably".
All market areas performed well in the first half, and online sales grew strongly, reflecting an investment made in the group's online offering.
Trading in the second half has started well, the company said, and it is seeking to expand its operations with some small acquisitions, along with the opening of a new outlet in Midlands.
Shares in Fishing Republic were up 4.2% to 19.8 pence early Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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