Buy4Now announces 288% profit growth
Buy4Now, Ireland’s online shopping Centre and e-Business Software specialist, today announced its annual results for the year ended 31 March, 2006.
The group's turnover has increased by 47% to €5.08m and net profit has grown by 288% to €602,635 for the year.
The online shopping centre had a 58% visitor increase to 3,715,000 for the year.
Ali Murdoch Chief Executive of Buy4Now said: "Buy4Now exceeded its corporate goals for the 05/06 fiscal year in terms of profitability, investment in our software portfolio, and the building of sustainable customer contracts.
"For the period, there was considerable growth in our domestic market both with the online shopping centre www.buy4now.ie and in our e-tail solutions business.
"On the International front our e-Grocery solutions business is quickly gaining critical mass in the United States with three grocery partners now live and servicing Manhattan, Long Island and Boston Markets.
"We anticipate launching at least two more Grocers in US cities this year and we have recently launched a dedicated information site on online grocery for the USA called eGroceryUSA.com.
