MySale Group PLC (LON:MYSL), the leading online retailer, has today provided an update at its annual general meeting, to be held today, at which Iain McDonald, Non-Executive Chairman, will note;
“The current financial year has started well. Revenue growth has accelerated versus last year, gross margins are increasing and we continue to carefully control our cost base. This is delivering good growth in underlying profitability, in line with management’s expectations.
”Our enhanced proprietary technology platform which was rolled out last year is, as anticipated, supporting all areas of the business to reach more customers and operate more efficiently. The Ourpay buy-now pay-later solution continues to grow its subscriber base at a pleasing rate and Identity Direct, the personalised goods business acquired last year, has integrated well.
‘The group’s plans for the year are ambitious and our recent partnerships, product verticals and technology platform enhancements are supporting these plans and gives the board confidence in the group’s prospects for the full year.”
