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Sosandar – Half Year Results, Big Helping Of Hartley's As More Jam Tomorrow Promised

By Nigel Somerville | Tuesday 26 November 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


AIM-listed ladieswear purveyor Sosandar (SOS) served up its half year results to September this morning. As previously indicated, revenue fell quite heftily to £16.2 million as a result of reduced promotions and the loss was reduced to £0.7 million. The company promises a profit of £1 million at the full-year on the basis of in-line post-period performance, but that “in-line” is with reference to market expectations, which were heavily reduced (again…) only last month. As such, I’d suggest the promise of jam tomorrow should be taken with a pinch of salt especially in the current UK economic environment.
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