Sosandar PLC (GB:SOS) has released an update.
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Sosandar PLC, an expanding UK fashion brand, reported a year of robust financial performance for FY24, with a 9.0% increase in net revenue to £46.3m and improved gross margins, despite posting a slight loss. The company is transitioning to a multi-channel retailer and plans to open its first stores, with early signs showing a strong focus on profitability and margin enhancement over revenue growth. The strategic shift towards higher gross margins and profitability is expected to continue to drive the company’s financial health and expansion into physical retail spaces.
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