SCOTSMAN - Nov 23 - Cupid said Europeans showed no signs of losing their appetite for “fun and love” amid the economic turmoil, keeping its rapid international expansion on track. Analysts at Peel Hunt believe Cupid's profits before tax and other deductions will reach £11M this year, up from £5.6M in 2010, and should hit £20M by 2013. CEO Bill Dobbie said the firm was spending ~ £30M on advertising this year – more than half of estimated revenues. Cupid mainly advertises online but Dobbie said that adverts direct to mobile phones was a rapidly growing area.
by Dominic Jeff
See full article at Scotsman
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