StockMarketWire.com - Online women's fashion retailer Sosandar posted a deeper first-half loss, which it said reflected upfront investment in staff, products and marketing.

Pre-tax losses for the six months through September amounted to £2.8m, compared to losses of £2.0m on-year.

Revenue rose 53% to £2.8m, while gross margin contracted to 54% from 55%.

'We are delighted to be reporting on a period of significant progress for Sosandar,' joint chief executives Ali Hall and Julie Lavington said.

'The investments that were made in the latter part of the second quarter have resulted in exceptional autumn trading.'

'Post period end, October was particularly notable, as we hit a special milestone - the first month where net revenues exceeded £1m, a performance which November is on course to exceed.'



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