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MySale's UK revenues jump 140%

Australian flash Sales site MySale’s revenue increased by 7% to A$252m (£142.4m) in the year to June 30, boosted by a 140% uplift in the UK.

MySale

The site made an underlying EBITDA of A$5m (£2.8m) - slightly ahead of market expectations, according to its pre-close trading update.

Strong results in the UK and Asia (reporting a full-year growth of 20%) were supported by the company’s continued investment in technology and digital marketing activities.

MySale said it expects to experience a slight benefit from the weaker sterling exchange rate following the Brexit vote on June 23.

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