Online value retailer and education business Ian Burke takes the reigns at Findel as executive chairman Express Gift‘s new customer recruitment target for 2016 was also “significantly” exceeded, with the customer base by the end of the year 13 per cent higher at 1.56 million. Findel experienced an 11% year-on-year increase in total sales in its Q3 (beginning 1 October), following a surge in orders and new customers at its largest business, Express Gifts. While Express Gifts alone experienced sales growth of 14%, Findel's total growth was almost double the 6.5% that was recorded in H1 of its financial year. Express Gifts also exceeded its customer acquisition target by 13% to 1.56 million. The company reported revenue for Q4 (ending 31 December) increased 6% from Q1, with net income up 12% to $28.8 million compared to Q1 2016.
Online value retailer and education business Findel experienced an 11% year-on-year increase in total sales in its Q3 (beginning 1 October), following a surge in orders and new customers at its largest business, Express Gifts. While Express Gifts alone experienced sales growth of 14%, Findel's total growth was almost double the 6.5% that was recorded in H1 of its financial year. Express Gifts also exceeded its customer acquisition target by 13% to 1.56 million. The company reported revenue for Q4 (ending 31 December) increased 6% from Q1, with net income up 12% to $28.8 million compared to Q1 2016.