Sosandar narrows losses as sales rise during pandemic

Sosandar founders

Sosandar has narrowed its half-year losses as it benefited from a spike in online sales during the coronavirus pandemic.

The fashion etailer trimmed EBITDA losses to £1m during the six months ending September 30, compared with a £2.7m loss the prior year.

Gross profits increased 48% year on year to £1.5m as revenues surged 52% to £4.3m. 

The number of orders it received jumped 48% to almost 96,000.

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