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Sosandar Interims: Profit (Just) But Negative Cashflow

AIM-listed online ladies fashionwear purveyor Sosandar (SOS) released its interim results to September 2022 yesterday morning. The announcement was laced with good news: revenue growth of 72% and a profit being two, but the cashflow statement tells a different story and revenue growth has slowed substantially – the last not a surprise, given the poor economic outlook of UK plc.

Sosandar – Full Year Results Show Promise, But I'm Not Buying Yet

AIM-listed online ladies fashionwear purveyor Sosandar (SOS) released its full year numbers to March 2022 this morning and at first impression they look good. The company didn’t quite make it to bottom-line profitability and a state of cashflow positive trading remains some way ahead, but the pre-tax losses (previously £3.1 million) have been pared to just £0.5 million and, with an income tax credit of £0.4 million clocked up, the bottom line was a loss of just £0.1 million. Better still, the company reports profitability for the past nine months, so it would seem to me that a bottom-line profit is just around the corner.

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