Immotion Group Plc Shifts to E-Commerce, Profits Surge

Immotion Group Plc (GB:HUD) has released an update.

Immotion Group Plc has transitioned into a high-growth e-commerce entity, pivoting from its previous ventures with the strategic acquisition of Discount Dragon, a direct-to-consumer brand selling discounted FMCG goods. For the year ended 2023, the Group reported a profit after tax of £13.0m, a significant increase from the prior year’s loss. The Group’s strategy focuses on expanding its e-commerce portfolio, having also completed the acquisition of Food Circle Supermarket and formed a partnership with Wicked Vision Limited.

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