Sosandar PLC (GB:SOS) has released an update.
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Sosandar PLC, a women’s fashion brand, successfully launched its first three UK stores, marking a significant step towards becoming a multi-channel retailer. Despite a decrease in revenue to £16.2 million, the company achieved a strong gross margin of 62.2% and reduced its pre-tax loss, thanks to its focus on margin enhancement and cost management. The company is optimistic about future growth, fueled by strong trading results in October and strategic partnerships with brands like Next and Marks & Spencer.
For further insights into GB:SOS stock, check out TipRanks’ Stock Analysis page.
