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Moonpig profits double as Covid pushes spending online

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Online greetings card and gift retailer reports strong sales in first results since listing on the stock market

Moonpig has reported that its annual sales and profits have doubled in its first results since listing on the stock market, after it benefited from lockdown spending during the Covid-19 pandemic.

The online greetings card and gift retailer’s revenue rose by 113% to £368m in the year to 30 April, compared with a year earlier, which it said was a result of people shopping more often, as well as new customers making purchases.

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