After securing funding in H1, Koovs buoyant about H2

For its first half to September 30, 2018, Indian online fashion retailer Koovs Plc said that revenues were down by 40 percent at 195.9 million Indian rupees (2.7 million dollars), due to reduced gross order value and an increase in sales tax. However the company’s pre-tax loss reduced by 10 percent to 580.9 million India rupees (8 million dollars) driven by cash preservation and cost saving initiatives. With funding now secured, in the second half, the company said that the group has begun to rebuild stock levels and resume marketing activities, delivering encouraging green shoots.