Sosandar revenue surges in H1 as easing pandemic restrictions boost demand

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Clothing brand Sosandar reported a surge in first-half profit as the lifting of Covid restrictions prompted customers to return to the office and attend events.

For the six-month period ended 30 September 2021, revenue was up 184% to £12.2 million year-on-year.

The company reported a record revenue month in September as demand accelerated for new season product.

Gross margin was up to 56.5% from 52.3%, reflecting a 'higher proportion of full price sales compared with the comparative period which was impacted by actions taken as a consequence of Covid-19,' the company said.

Looking ahead, the company said trading for the current year in line with market expectations