LONDON (ShareCast) - (ShareCast News) - In its first trading update as an AIM-listed company, fashion brand Quiz reported a 35% jump in interim revenue, driven by growth across all of its channels.
In the six months to the end of September, revenue rose to £56.1m, with underlying earnings before interest, tax, depreciation and amortisation up 32% to £6.2m. Meanwhile, underlying pre-tax profit grew 31% to £4.8m. Accounting for one-off costs such as the IPO, pre-tax profit in the period was flat at £3.7m.

Revenue in the online business was up 204% to £13.8m, with revenue from UK stores and concessions 15% higher at £32.3m and the company's active online customer base up 86% to 262,000.

Quiz highlighted continued strong current trading, with underlying group revenue in the seven weeks to 18 November up 33% on the year, and said it enters the Christmas trading period with good momentum.

Founder and chief executive Tarak Ramzan said: "We are pleased to report a very good performance for the Quiz brand in the first half of the financial year with strong growth delivered across each of the brand's distribution channels, most notably Online and International.

"The group's strong performance is a reflection of the growing awareness of the Quiz brand and increasing demand for our products that offer the latest glamorous looks and occasion wear at great value."

At 0900 GMT, the shares were up 7.6% to 169.50p.

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