THG is set to spin off its Ingenuity arm as it records a dip in profit and revenue
THG has reported a dip in revenue and profit as it also looks to demerge its technology platform Ingenuity.
In the half-year to June 30, THG recorded a total revenue decline of 3.6% year-on-year to £934m while adjusted gross profit dropped from £424m to £395m.
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