Shares in MySale Group jumped 14.8 percent to 68.8p in morning trading.
The online retailer saw an increase in shares on Tuesday as the group announced a revenue growth of ten percent and end-of-year earnings to reach the top end of expectations.
”The group continues to invest in enhancing our proprietary technology platform, which has a key role to play as volumes increase, efficiencies are unlocked and operational gearing improves,” said Carl Jackson, the group’s chief executive.
”We move into the new financial year with confidence and with the expectation that our strategic plans will continue to support the group’s profitable growth,” he added.
Revenues in MySale from A$268 million in 2017 to A$295 million at the end of this year.
The group has websites in Australia, New Zealand, South-East Asia and the UK and popular online flash-sales.
Jackson said he expects 2018 to be “another record year” for the group.
