Gear4music (Holdings) Plc Reports Total Sales Growth Of 16% In H1 FY20

  • Oct 22, 2019 BST
  • Team Kalkine
  • Gear4music (Holdings) Plc (G4M) has released a trading update for the six months to 30 September 2019.
  • The company reported a total sales growth of 16 per cent to £49.4 million as compared to £42.5 million in H1 FY19.
  • The gross margin was up by 250bps to 25.2 per cent as compared to 22.7 per cent H1 FY19.
  • The company reported an increase of 29 per cent in gross profit to £12.4 million from £9.6 million.
  • On 22nd October 2019, at the time of writing, GMT 11:47 AM, G4M shares were trading at GBX 222.50, up by 20.00 points or 9.88 per cent against the previous day closing price.

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