07.08.2015 - Groupon profit exceeded 100 million dollars
Groupon reported for the second quarter of this year. The reason for the success of the company is the expansion of services in the field of e-commerce among which food delivery after the order in a mobile application, and others. Sales in North America that bring about 2/3 of the company's revenue grew by 14%. Revenue rose 3.1% to 738 million dollars. Excluding currency fluctuations, sales increased by 11%. The company's profit rose to 109.1 million dollars compared to a loss of 22.9 million for the same period of the last year. We expect the growth of the company's shares by 30-33% per annum in the medium term.