Snakk sales soar

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NZAX-listed Snakk Media has enjoyed a 40% lift in sales revenues, according to the company’s unaudited preliminary financial results, released this morning.

Here’s some highlights:

  • Gross sales revenues from the year ending 31 March 2015 increased 40% year-on-year, from $7,029,916 to $9,860,520.
  • Gross sales from the recent market expansion into Southeast Asia grew sixfold from the first half to the second half of the year.
  • Of note is that gross margin grew by over 58% between the year’s first and second halves – group ceo Mark Ryan cites a dramatic improvement in the business fundamentals between September 2014 and March 2015.

Snakk expects to release its audited results on or before 31 July.

Meanwhile, Snakk has appointed a new director, Martin Riegel (read more about him here:

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