Information  X 
Enter a valid email address

Science in Sport sees half-year revenue up 28%

By BFN News | 08:38 AM | Wednesday 20 September, 2017


Sports nutrition company Science in Sport (SIS) revenues increased 28% to £8.27 million, up from £6.48 million for the same period in the previous year, the company reported. The company announced continued strong growth, with the Company's e-commerce platform delivering 87% growth across all markets. All e-commerce channels now account for 51% of total revenues, up from 46% in 2016. International performed strongly with growth of 55%, driven by increased investment in the USA and Italy which are trading in line with expectations, as is the Australian business. International revenue accounts of 27% of total revenue, up from 22% in H1 2016. Strategic investment in international market expansion and e-commerce business resulted in underlying operating loss of £1,141k* in line with expectations and growth strategy. Core UK and EU business broke even at the half year and are on track for a profitable second half, given first half phasing of marketing investment. At 8:34am: (LON:SIS) Science In Sport Plc share price was -2.5p at 77p Story provided by StockMarketWire.com

a d v e r t i s e m e n t