Mysale Group (MYSL)

 

MySale narrows H1 pretax loss

MySale has considerably narrowed its H1 pretax loss to AUD0.5m, from a prior-same period loss of AUD18.4m. Revenue was AUD128.2m, from AUD123.3m. The comparative period had selling and distribution expenses of AUD31.6m, versus a small amount of AUD19.2m in the just-ended six months.

"The group had a good start to FY2016 as the planned strategic initiatives have delivered both improved financial performance and positioned the group for further, profitable, growth," said CEO Carl Jackson.

At 9:24am: (LON:MYSL) Mysale Group Plc share price was +0.75p at 44.75p