Sports nutrition and wellness sales almost triple for vaping specialist Supreme – Business Live

Vaping specialist's sports nutrition and wellness revenue almost tripled during the first half of its financial year, according to new figures.

Supreme plc has confirmed the division's revenue jumped by 192% during the six months to the end of September 2021.

The Manchester-based vaping, lighting and batteries group also reported an overall revenue of 61m, up from the 56.3m it achieved during the same period in 2020.

READ MORE: Sizable Boohoo stake snapped up by Norway's central bank

The company's pre-tax profits also rose from 6.7m to 8.4m, according to figures filed with the London Stock Exchange.

The AIM-listed group added that its vaping revenue grew by 13%.

Chief executive Sandy Chadha said: "The combination of Supreme's extensive retail relationships combined with our high volume, great value product proposition continued to underpin our strong profit performance in the first six months of trading in the current financial year.

BusinessLive is your home for business news from around the North West- and you can stay in touch with all the latest news from Greater Manchester, Liverpool City Region, Cheshire, Lancashire and Cumbria through our email alerts.

You can sign up to receive daily morning news bulletins from every region we cover and to weekly email bulletins covering key economic sectors from manufacturing to technology and enterprise. And we'll send out breaking news alerts for any stories we think you can't miss.

Visit our email preference centre to sign up to all the latest news from BusinessLive.

For all the latest stories, views, polls and more - and the news as it breaks - follow our BusinessLive North West LinkedIn page here.

"Our market-leading Vaping category, alongside our high growth Sports Nutrition & Wellness division, continue to outperform their respective markets - further demonstrating our ability to attract and maintain consumer demand.

"When combined with the operational developments we have implemented, including the acquisitions of Vendek and Sci-MX alongside the launches of Millions & Millions and Sealions, this has been an important period for our business, as we continue to leverage our unique capabilities and integrated approach to accelerate performance.

"The second half of the current financial year has started well and our established business model, alongside our diverse product portfolio, provides the board with confidence in the group delivering a good performance in the second half and beyond."

Visit link:

Sports nutrition and wellness sales almost triple for vaping specialist Supreme - Business Live