Sosandar hails 'exciting time' of growth and development
Women's fashion brand Sosandar said on Monday that the first half of the year had been "an exciting time of growth and development".
Following the completion of Sosandar's oversubscribed placing in July, the group said it had accelerated its growth by carefully deploying funds to strengthen its design capability, widen its product range and trial additional marketing channels.
Chairman Bill Murray was set to tell investors at the annual meeting later in the day that the increased investment made into marketing and products was producing "very good results" and increased customer acquisition, alongside continued growth from the AIM-listed group's "ever-expanding base of loyal existing customers".
Murray said Autumn results had been "very strong" so far and that midway through September, revenue had already exceeded that achieved in the whole of September 2018.
"We are pleased with the recent performance of the business, which has been in line with management expectations. We are well-funded for continued growth and these are extremely exciting times for Sosandar," said Murray.
As of 1000 BST, Sosandar shares had climbed 6.98% to 17.25p.