25th Jun 2020 15:03
Science in Sport PLC - London-based sports nutrition supplements maker - Tells annual general meeting that trading is in line with base scenario developed as part of its contingency planning. Retail sales in all markets remain hurt compared with normal levels. However, making "very strong" progress with its e-commerce business as platforms continue to perform well and Amazon business outperforming. Pricing improvements and supply chain synergies have resulted in an improved gross margin. Says GBP4.5 million share placing conducted in April as well as an unused GBP8.0 million invoice financing debt facility means its financial position remains "robust".
Current stock price: 31.50 pence
Year-to-date change: down 28%
By Ife Taiwo; [email protected]
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