Mporium revenue jumps as Allay partnership kicks off

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