MySale Group plc (LON:MYSL) the leading online retailer with established international flash sales websites has today provided an update ahead of its annual general meeting to be held today at which Iain McDonald, Non-Executive Chairman, will note;
“We have made a good start to the new financial year. Our focus remains on re-establishing our profitability over the course of this financial year whilst continuing to invest in our technology platform and new markets in Asia. I am pleased to say that we are on track to achieve this – the business is profitable year to date, in line with our expectations, in contrast to the substantial losses incurred for same period last year.
”We are in good shape operationally for peak trading; the recently announced acquisition of the Grays Online businesses will give us an exciting opportunity to grow our active customer base and widen our online offer; and the customer acquisition model we have been following in Asia is beginning to prove itself. Whilst there is still much to do, this has been a very encouraging start to the year.”