Australian online retailer Surfstitch has delivered $103.6 million in sales.
The sales, generated in the first half of fiscal 2015, represent a 23 per cent increase on the same period a year ago.
Revenue grew in all regions, accelerating in the second quarter under Surfstitch Group control.
Despite incurring integrating costs after its Surfdome and Swell acquisitions, the company delivered gross earnings of $3 million, with margins up 2.9 per cent.
This is the company’s first results period since completing its initial public offering on 16 December 2014.
Surfstitch CEO Justin Cameron said the group has experienced strong growth in recent times.
"We have been thrilled by the success of our global growth strategy to date.
"As expected, becoming a global leader in online actions sports and youth apparel provided immediate benefits to the SurfStitch Group.
"Access to a sizeable global database and providing customers with a unique assortment and range with exclusive products and content have been key to our strong revenue growth for the period, while many of our competitors saw single digit growth over the same period.
"Furthermore, by working closely and partnering with key suppliers we have seen gross profit margin expansion, reaffirming our belief in our business model.
He said growth in the Asia-Pacific region has accelerated.
"Our focus on building key relationships with suppliers together with renewed customer engagement delivered revenue growth of over 40 per cent. Customers have come to identify our brand with first to market and exclusive brand and product assortment."