12th Dec 2023 12:30
Sosandar PLC - Cheshire, England-based online women's fashion brand - Says revenue rises 5.7% to GBP22.2 million in the half year ended September 30 from GBP21.0 million a year ago. Swings to pretax loss of GBP1.3 million from a GBP77,000 profit the year before, driven by a 21% increase in administrative expenses of GBP13.3 million from GBP11.0 million a year prior. Looking ahead, expects to open its first UK stores in spring.
Co-Chief Executive Officers Ali Hall and Julie Lavington say: "Trading in the second half of the financial year to date has been encouraging, in line with full year market expectations, with November a record month of trading. This strong performance has been delivered across all our channels."
Current stock price: 15.00 pence, up 4.9% on Tuesday
12-month change: down 33%
By Sabrina Penty, Alliance News reporter
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