Lovisa rings in higher H1 sales & profit

Company News

Recently listed Lovisa Holdings Limited (ASX:LOV) has confirmed its prospectus forecasts after posting an interim sales and profit jump. 
The fashion jewellery retailer boosted first half sales by 33 per cent to $73.3 million as net profit grew 66 per cent to $12.3 million. 
CEO Shane Fallscheer says the strong performance was driven by the company’s preparation for Christmas delivering ranges to its customers and maintaining margins. 
As a result Mr Fallscheer says Lovisa has confidence in achieving its forecasts over the full 2015 financial year. 
Lovisa Holdings listed on the ASX in December 2014 with an issue price of $2.00 and closed its first day of trade at $2.14.