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21 Jul 2015 07:00
21 July 2015
AIM: FISH
Fishing Republic plc
("Fishing Republic" or "the Company" or "the Group")
Trading update
Fishing Republic plc, the fishing tackle retailer, is pleased to provide a trading update for the first half of its maiden financial year as a quoted company.
The trading performance over the first six months ended 30 June 2015 has been good. Sales are expected to show a small increase on the same period last year and margins have improved considerably. All market areas performed well and online sales in the period are significantly ahead of last year, partly reflecting the programme to enhance the Company's website portals.
Trading has started well in the second half of the year and the Company is looking to expand its operations by making some small acquisitions and is making progress regarding its intention to open a new outlet in the Midlands.
The Company will announce its maiden half year results on Wednesday 2 September 2015.
Enquiries:
Fishing Republic plc Steve Gross, Chief Executive |
| T: 01709 722590
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KTZ Communications Limited |
| T: 020 3178 6378 |
Katie Tzouliadis |
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Northland Capital Partners Limited |
| T: 020 7382 1100 |
Nominated Adviser and Broker |
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Matthew Johnson / David Hignell (Corporate Finance) |
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John Howes / Abigail Wayne (Corporate Broking) |
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About Fishing Republic plc
www.fishingrepublic.net
Fishing Republic is one of the largest fishing tackle retailers in the UK by floor space in one of the UK's largest participation sports. Established in 1985, the Company caters for all types of anglers, coarse, carp, game and sea fishing. It operates a chain of 'destination' retail outlets in the North of England and has an online presence through both third party online retailers and its own websites (www.fishingrepublic.net and www.yorkshiregameangling.co.uk). Its comprehensive product offering includes own-brand ranges, such as Klobba and Theseus.
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