StockMarketWire.com - Science in Sport will hold its Annual General Meeting in London this morning. John Clarke, the Company's Chairman, will make the following comments, which include the pre-close trading update for the six months ending today, 30 September 2014.

"SiS joined AIM as an independently quoted company just over a year ago and I am very pleased with the progress that the Company has made to date.

"We have successfully delivered on our strategy of driving the sales growth of the SiS brand through consistent investment in marketing and selling, supporting this with a strong new product development pipeline and underpinning commercial progress with improving margins from our own low-cost manufacturing facility.

"We have enjoyed sales growth in all distribution channels and have successfully extended the footprint of the business through significant investment in geographic expansion and e-commerce. We intend to continue to deliver on our strategy and believe that the strength of the SiS brand and the resilience of the sports nutrition category create significant opportunities.

"We are pleased to report another period of strong sales growth in the six months to 30 September 2014, with sales up 23 per cent compared with the same period last year at approximately £4.92 million. This growth reflects strong sales across our whole product range and across all our sales channels.

"Our international sales and our e-commerce sales, both direct and through third-party e-tailers, have been particularly strong and underlying strong sales growth in major grocers has benefited further from an expanded distribution agreement with Sainsbury's. We remain confident of the outlook for continued revenue growth in the full year and beyond."

Science in Sport expects to issue its half year results in early December 2014.


At 8:05am: [LON:SIS] Science In Sport Plc share price was +1.75p at 75p



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