Revenues and profit surge at Lovehoney

Pre-tax profits at Lovehoney, the sexual wellbeing and online lingerie retailer, increased by 22 percent to 11 million pounds (14 million dollars) during the financial year 2017/18, which the company said, were driven by strong sales globally as the firm invested in international distribution and customer service. Sales increased 22 percent to 93 million pounds (119.7 million dollars). The company witnessed sales growth across territories with a 31.6 million pounds increase in Australia and North America - a 67 percent rise year-on-year. Lovehoney, based in Bath in the UK, also reported 30.5 percent rise in sales globally in the run-up to Christmas.