Turnover up but Science in Sport stays in the red
EAST Lancashire-based sports nutrition company Science in Sport has reported a 30% increase in sales for the year to more than £12m but has also seen its losses widen to £2.8m.
The AIM-listed Nelson company saw sales increase to £12.24m in the 12 months to the end of December 2016 (2015: £9.45m). However, pre-tax losses widened to £2.8m (2015: £1.7m), which the company said was down to its continued investment in brand awareness, e-commerce and international expansion.
Gross profit increased to £7.4m (2015: £5.5m) with g... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...