mysale group news and archive

MySale reports underlying loss but remains positive amid restructuring

MySale has reported an underlying loss in its half-year results but said its revenue is “in line with management expectations" amid the company’s ongoing transformation strategy. The Australian online retailer saw an EBITDA loss of 3.6 million Australian dollars for the six months to 31 December, while it said its revenue of 71.9 million...

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MySale Group posts 80 percent EBITDA growth in H1

Announcing unaudited interim results for the six months to December 31, 2017, MySale Group Plc said that revenue for the period reached 151.9 million Australian dollars (117.5 million dollars), an increase of 11 percent over the first half of 2017. Underlying EBITDA grew 80 percent to 5.5 million Australian dollars (4.2 million dollars) and...

Business

MySale Group's H1 underlying EBITDA soars 80 percent

MySale Group plc has reported that underlying EBITDA grew 80 percent to 5.5 million Australian dollars (4.4 million dollars) for the six months to December 31, 2017. Gross profit in the period increased 19 percent to 45.7 million Australian dollars (37 million dollars), while gross margin increased 200 bps to 30.1 percent. The company said...

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MySale Group appoints non executive director

AIM-listed flash sales retailer MySale has named Charles Butler as a new independent non-executive director with immediate effect. Butler was until recently chief executive officer of Market Tech Holdings, a property and technology group where he oversaw a successful IPO through to its recent sale for 892 million pounds to LabTech Investments...

Business

MySale Group online sales up 19 percent in H1

In its interim announcement for the six months to Decemeber 31, 2016, MySale Group said underlying EBITDA increased to 3 million Australian dollars (2.3 million dollars) compared to 1.8 million Australian dollars (1.3 million dollars) in 2015. Online revenue increased 19 percent to 127.1 million Australian dollars (97 million dollars). “We are...

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MySale posts 7 percent rise in FY16 revenues

MySale Group revenues for the financial year to June 30, 2016 rose 7 percent to 252.3 million Australian dollars (193 million dollars) and gross profit increased 21 percent to 66.7 million Australian dollars (51 million dollars) following a 300bp improvement in gross margin to 26 percent. Commenting on the company’s performance, Carl Jackson,...

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MySale cuts costs, improves H1 profit

MySale Group in its interim results for the six months ended December 31, 2015 said that the company experienced a positive first half with underlying EBITDA of 1.5 million Australian dollars (0.1 million dollars); a 12.9 million Australian dollars (9.2 million dollars) improvement on the prior year. The company reported overall revenue growth...