MySale news and archive

Australian e-tailer MySale returns to profit following restructuring

Australian online retailer MySale has returned to profitability in the first half of the year following its restructuring to an “inventory light market place platform” focused on the ANZ market. For the six months to December 31 2020, the company reported EBITDA of 2.5 million Australian dollars, compared to a loss of 3.1 million Australian...

Business

MySale reports underlying loss but remains positive amid restructuring

MySale has reported an underlying loss in its half-year results but said its revenue is “in line with management expectations" amid the company’s ongoing transformation strategy. The Australian online retailer saw an EBITDA loss of 3.6 million Australian dollars for the six months to 31 December, while it said its revenue of 71.9 million...

Business

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...

People

MySale appoints new non-executive chairman

Australian flash sales site MySale has appointed The Hut Group’s non-executive director Iain McDonald as its new non-executive chairman, with immediate effect. McDonald is currently a partner with the William Currie Group, which invests in technology and e-commerce investments founded by financier Bill Currie. He is also a non-executive director...

Business |REPORT

MySale H1 revenues rise 8 percent but gross profit down

MySale Group in its interim results for the six months ended December 31, 2014 said that its revenue increased 8 percent. Revenue in South-East Asia increased over 30 percent; in ANZ, over 3 percent. The company reported gross profit of 28.3 million Australian dollars (22.1 million dollars) and gross profit margin of 23 percent compared to 27.9...