By Iain Gilbert
Date: Wednesday 09 Jan 2019
LONDON (ShareCast) - (Sharecast News) - British sports nutrition outfit Science in Sport expects to trade in line with market expectations, having reported a hefty increase in full-year sales .
Revenues shot up 36.54% to £21.3m, while underlying sales grew 27% to £19.8m.
The AIM-listed group turned in a particularly good performance from its online wing, which reported a 29% improvement year-on-year to £11.2m and also saw the rapid pace of its international expansion continue with foreign sales jumping 55% to £6.8m.
SIS credited its "ahead of sector norm revenue growth" to its expansion and delivery into the strategic markets of USA, Italy, Australia and China.
Chief executive Stephen Moon said: "Our consistent strategy of investment in brand and innovation produced a strong performance in line with our expectations."
"We remain committed to an omni-channel strategy, however our focus on the growth drivers of the SiS.com business and developing international markets produced exceptional results."
As of 0910 GMT, SIS shares had picked up 2.71% to 54.95p.
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Currency | UK Pounds |
Share Price | 33.63p |
Change Today | 0.13p |
% Change | 0.37 % |
52 Week High | 34.00 |
52 Week Low | 16.50 |
Volume | 102,660 |
Shares Issued | 232.27m |
Market Cap | £78.10m |
Beta | 0.00 |
Value |
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No dividends found |
Time | Volume / Share Price |
11:19 | 100,000 @ 33.31p |
10:53 | 8 @ 33.90p |
10:12 | 29 @ 33.33p |
08:57 | 1,471 @ 34.00p |
08:00 | 70 @ 33.31p |
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