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MySale reveals EBITDA growth of 58 percent

Australian flash sale platform MySale has posted EBITDA growth of 58 percent to 8.7 million Australian dollars (6.8 million dollars) for the 12 months to June 30, reports Retail Gazette. Quoting the company’s pre-close trading statement, the report added that MySale’s revenues increased by 6 percent to 268 million Australian dollars (211 million dollars), while online revenues rose 10 percent to 240 million Australian dollars (189 million dollars).

The company’s gross profit increased 14 percent to 76 million Australian dollars (60 million dollars), while the underlying EBITDA of 8.7 million Australian dollars (6.8 million dollars), the company said, was ahead of its earlier forecast of 8.5 million Australian dollars (6.7 million dollars).

The report further added that after partnering with Sports Direct last year, MySale is in the testing phase of partnership with one more international retailer.

Picture:Facebook/MySale