Huddled Group (GB:HUD) has released an update.
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Huddled Group PLC, a circular economy e-commerce business, has reported a strong start to FY24 with a projected 28% revenue increase in Q2 from its Discount Dragon brand and an overall group revenue increase of 43% compared to Q1. The company, which specializes in selling surplus branded products at discounts, is set to continue refining its model to increase customer reach and drive towards profitability. With the rebranding of Food Circle Supermarket to Nutricircle, the company emphasizes its commitment to preventing waste and capitalizing on the growing market opportunities.
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