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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.

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