AIM-listed online ladies fashionwear purveyor Sosandar (SOS) served up a half-year (to September) trading update this morning. The highlights were appealing: revenues up 72% year-on-year and a profit before tax of £0.1 million made good reading. But as Tom Winnifrith oft opines, sales is vanity and profit is a matter of opinion: what really matters is cash.
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.
I see that shares in AIM-listed online purveyor of ladies wear Sosandar (SOS) have dropped – down by 0.5p today, to 20p and down from 22p at the start of play yesterday. But there has been no news, so why the shedding of around 10% of its value? The answer is, of course, news from rivals Asos (ASC) and Boohoo (BOO).
AIM-listed online purveyor of ladieswear, Sosandar (SOS), has released a trading update for its full year to March 31 2022 – and the news is good. Expectations had already been raised, but this morning the company tells us that those newer forecasts have been beaten. So is all rosy in the garden of Sosandar?
