Women's fashion brand reveals significant financial results with 100% sales growth

Online women’s fashion brand Sosandar PLC has revealed its unaudited results for the six months to September 30 2019.

The company has supposedly built on initial successes, while revenue has increased by 53 per cent to £2.82m, and its gross profit has increased to £1.5m.

Meanwhile, Sosandar’s returns have decreased a major 49 per cent, said to be due to increasing data around the group’s product development. Order growth has increased to around 47,000.

The number of clothing suppliers has gone up by 153 per cent to support product expansion, and sales growth has ‘100 per cent’ been achieved.

Ali Hall and Julie Lavington, joint CEOs, said: “We are delighted to be reporting on a period of significant progress for Sosandar.

“The investments that were made in the latter part of the second quarter have resulted in exceptional autumn trading.

“Post period end, October was particularly notable, as we hit a special milestone - the first month where net revenues exceeded £1m, a performance which November is on course to exceed.

“It is becoming increasingly clear that once customers engage with Sosandar’s product range and unique design aesthetics they remain loyal to, and highly engaged with the brand.

“We have seen continued database growth post period, with our number of subscribers in September up 26 per cent month-on-month and new subscribers tracking over 300 per cent up versus the same period last year.”

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