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August 12th, 2014

Online takeaway firm Just Eat serves up a rise in profits


Just Eat reports a increase in profits for first half of 2014


By Jamie White – Head of Communications


The continued expansion of online takeaway service Just Eat is paying dividends for the company, with profits almost trebling in the first half of 2014.


Just Eat has grown its active user base by 35 per cent to 6.9 million in the last year after increasing the number of restaurants it has tie-ups with.

Just Eat serves up a rise in profits - Douglas Stafford Mystery Shopping


The company has added 4,400 new restaurants to its portfolio, taking the overall total to almost 41,000.


Pre-tax profit rose to £8.6m from £3.1m, while revenues jumped 58 per cent to £69.8m in the six months to the end of June.


Just Eat operates in 13 countries, but said the UK still accounted for almost three quarters of its sales, with more than half of its orders made through smartphones.


The firm makes money from commissions charged to restaurants on the value of orders placed through its website.


Just Eat Chief Executive, David Buttress, said he was ‘delighted’ with the progress of the business during the first half of the year.


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