According to foreign reports, the wholesale supplier supreme is the company behind 88 vape. As non-smokers try to get rid of this habit, the income of smoking substitutes alone has increased by 36%.
In the year ended March 31, the company's initial total revenue increased by 33% to GBP 122.3 million, up from GBP 92.3 million in the previous year.
Gross profit increased to gbp33 million, helping the company reduce its debt by 64%, compared with gbp21.3 million in 2020, with a burden of only gbp7.6 million at the end of the financial year.
The company said in a statement today that sales of e-cigarettes and their sports, nutrition and health sectors grew the most strongly.
The company has partnered with McColl's, a convenience chain, to provide e-cigarettes to stores, marking the company's development in the field of e-cigarettes.
The 88vape product was launched in March 2021, and supreme's product portfolio increased by 1180 retail convenience stores nationwide.
'There are obvious and very exciting opportunities in our business, especially in the categories of sports nutrition, health and e-cigarettes, and I look forward to providing further updates when we take advantage of these opportunities, 'said sandy Chadha, chief executive. We have made a good start to this financial year and look to the future with confidence.