MySale hails “another record year” in trading update

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MySale has reported “another record year”, seeing double digit revenue growth alongside strong pre-tax profit growth amid a trading update.

In the 12 months to June 30, the Australian-based online retailer, which also trades in New Zealand, south-east Asia and the UK, reported a 10 per cent increase in revenues to AUD $295 million (£165.72 million).

Meanwhile EBITDA is expected to have risen 35 per cent to come in line with the top end of market expectations at AUD $11.8 million, alongside gross margin improvements thanks to increases in own-buy inventory.

“In parallel, we have made excellent progress increasing the product range available to our customers whilst further developing our proprietary financial services and subscription delivery propositions, Ourpay and Ourpay Select,” chief executive Carl Jackson said.

“The group continues to invest in enhancing our proprietary technology platform, which has a key role to play as volumes increase, efficiencies are unlocked and operational gearing improves.

“We move into the new financial year with confidence and with the expectation that our strategic plans will continue to support the group’s profitable growth.”

Audited results for the same period are due to be released on October 1.

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