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Science In Sport (SIS)

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Up 44.50p
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Science in Sport revenues improve as global expansion continues

09 Jan 19

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 business and developing international markets produced exceptional results."

As of 0910 GMT, SIS shares had picked up 2.71% to 54.95p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Market Data

Currency UK Pounds
Price 44.50p
Change Today 1.00p
52 Week High 65.00p
52 Week Low 42.00p
Volume 67,669
Shares Issued 122.82m
Market Cap 54.65m


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