Mporium revenue jumps as Allay partnership kicks off

Writer, Stock Market Wire
Tuesday, February 12, 2019 - 08:27

Marketing services provider Mporium Group said it had substantially boosted its revenue following the signing of an agreement with consumer regulation group Allay.

Mporium had taken on responsibility as Allay's exclusive supplier of customer acquisition and lead generation, via digital platforms for breaches of consumer regulation.

Customer acquisition and lead generation on behalf of Allay had started strongly and was already yielding significant benefits, the company said. ? Across its businesses, Mporium said it had billed revenues in excess of £1.0M for each of the past two weeks.

That compared to total revenues for the entire 2018 first half of £1.2m.

'We are delighted that the agreement has achieved such strong support from our shareholders,' chief executive Nelius De Groot said.

'This is a transformational deal for Mporium, and the benefits of this partnership are already visible in the increased revenues that we are billing.'

'The growth of consumer regulation is a global phenomenon and this agreement provides Mporium with a critical footprint in lead generation within the consumer regulation sector.'

At 8:27am: (LON:MPM) Mporium Group Plc share price was +1.1p at 6p

Related content

Mporium forms commercial partnership with Click Labs

Marketing company Mporium said it had formed a commercial partnership with performance marketing agency Click Labs.

The collaboration would see Mporium deploying its technology across...

Wed, 04/09/2019 - 07:33

Mporium sports division win media agency contract

Event-driven marketing group Mporium said it had formed a commercial agreement with 'the second-largest media agency network in the world'.

Mporium said it would run...

Wed, 28/08/2019 - 08:21

Mporium losses double as revenue sinks

Marketing company Mporium Group said its annual losses doubled after its revenue more than halved.

Pre-tax losses for the year through December amounted to £7.7m,...

Fri, 28/06/2019 - 08:25

Mporium raises £1.9m from share issue

Marketing technology company Mporium Group said it had raised £1.9m from a share issue to help it restructure the business and provide working capital.


Fri, 14/06/2019 - 07:26

Mporium warns on profits, raises £1.5m to fund 'major' business restructure

Marketing company Mporium Group warned it would miss its earnings guidance and had raised £1.5m via a share issue to fund a business restructure.


Tue, 11/06/2019 - 09:56