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Investors get good news from ‘new boy’ Fishing Republic

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Steve Gross, Chief Executive of Fishing Republic, reported ‘good’ sales for the first half of 2015.

Fishing Republic, the UK-based tackle retailer, has reported ‘good’ trading in its first six months as a London Stock Exchange quoted company.

Trading performance for the period ended June 30th is expected to show a small increase on the same time last year and considerably improved margins. It told investors: “All market areas performed well and online sales in the period are significantly ahead of last year, partly reflecting the programme to improve the company’s website portals.”

It added that trading has started well in the second half of 2015 and – as previously stated – the company is looking to expand its operations by making some small acquisitions. It is also progressing in the opening a new outlet in the Midlands region.

The firm was established 20 years ago by current its Chief Executive, Steve Gross, and has seven stores in the north of England.

 

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