• Text size      
  • Send this article to a friend
  • Print this article

Cupid falls to £7.9 million loss

Online dating firm Cupid has reported a £7.9 million annual loss.

The Edinburgh company had recorded a pre-tax profit of £9.2m in 2012.

But in 2013 it faced criticism over its customer retention practices and also offloaded some of its more niche sites.

Turnover from continuing operations was relatively flat at £26.6m but the pre-tax loss was £7.36m.

The parts which were sold contributed £538,000 of losses in the year.

Recently appointed chief executive Phil Gripton said he has faith in the long term future of the company.

Contextual targeting label: 
Business

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

223707