Moonpig sales climb but profits fall
Moonpig has posted a fall in full-year profits despite an increase in revenue.
The greetings card retailer reported year-on-year revenue growth of 5.2% to £320.1m for the year ended 30 April, 2023, but adjusted pre-tax profits fell by 6.9% to £48m.
Moonpig said the drop was due to higher finance charges and additional borrowing to fund its acquisitions within the experiences market, which it said was partially offset by its hedging arrangements.
Already have an account? Sign in here
