MoonPig Results Dont Make Sense
Discussion
<b>Moonpig more than double its turnover to £20.9m for the year ending 30 April 2009.
£7.9m in sales recorded in the 12 months previous.
Pre-tax profits for the latest period also more than doubled from £2.5m to £6.7m.
During the 12 months to 2009, the company shipped 5.8m cards with a record of 99,000 sent on one day in February.
"That’s why more than 2.5m people a year keep coming back to our website to create cards for their friends and families."</b>
Ok 2.5m customers, lets say 3m customers, t/o £21m means each customer spends £7 a card and they make £2.40 profit on each card
Do people really spend £7 on a card ?
£7.9m in sales recorded in the 12 months previous.
Pre-tax profits for the latest period also more than doubled from £2.5m to £6.7m.
During the 12 months to 2009, the company shipped 5.8m cards with a record of 99,000 sent on one day in February.
"That’s why more than 2.5m people a year keep coming back to our website to create cards for their friends and families."</b>
Ok 2.5m customers, lets say 3m customers, t/o £21m means each customer spends £7 a card and they make £2.40 profit on each card
Do people really spend £7 on a card ?
mep said:
You've got the number of cards shipped in your original post DSLiverpool!
5.8 Million Cards Shipped
£20.9 Million Turnover
Roughly £3.60 per card.
Thats why I fear the figures are gash - convaluted hype to boost a highly geared company and get free publicity - or am i being cynical5.8 Million Cards Shipped
£20.9 Million Turnover
Roughly £3.60 per card.
The figures dont make sense
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