Source - SMW
Science in Sport has narrowed its H1 pretax loss to £841,000, from a loss of £1.0m. Revenue was £6.5m, from £5.2m.

CEO Stephen Moon said: 

"I am pleased to announce yet another period of substantial growth for SiS, which was in line with our expectations, and saw our revenues increase 24% year on year. 

"We have invested heavily in digital marketing and product sampling during the first half, and the benefits are evident in the growth we are achieving, which we believe is significantly ahead of our market peers.

"Trading is in line with market expectations and reflects the continued investment in brand awareness and growing the customer database, together with our expansion into Australia.

"International and online growth has been particularly strong and these channels will play a key role in the development of the business. Our Australian subsidiary was set up in December 2015 and our geographic footprint has extended into the USA and Germany in the second half of the year.

"Our strategic model continues to deliver, as consistent investment in the brand and development of our e-commerce operation results in strong top line growth. 

"This is underpinned by close attention to gross margin and tight control of overheads. We remain very confident in our strategy and believe we will continue to deliver sector leading growth."






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