Science In Sport gets the formula right, sales up more than a quarter
Science In Sport
15.75p
16:55 28/03/24
Sports nutrition company Science in Sport (SIS) witnessed a 28% uptick in sales throughout its last trading year, as continued investment into the group's online platform and operations resulted in direct sales increasing by more than half.
Food Producers & Processors
7,630.60
17:14 28/03/24
FTSE AIM All-Share
743.26
16:50 28/03/24
Overall sales grew 28% to £15.6m for the twelve months ended 31 December 2017, with direct sales jumping 58% to £4.6m and third-party online retail sales moving ahead 27% to £3.9m.
Further development of international markets, a key focus of SIS over the trading year, resulted in a 60% year-on-year jump in international revenues to £4.4m, with the USA and Italy tapped for significant growth in 2018.
SIS was set to issue its full-year results on 21 March.
As of 1040 GMT, shares had fallen 1.35% to 73.00p.