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Birmingham Post
Birmingham Post
Business
Jon Robinson

Matthew Moulding's THG issues warning after posting losses of more than £100m

THG Matw Moulding London Stock Exchange Queen Elizabeth II

Online retail and software giant THG racked up losses of more than £100m during the first six months of 2022, new figures have revealed.

The Manchester-headquartered group has posted pre-tax losses of £108.1m for the six months to June 30, compared to losses of £81.3m during the same period in 2021.

The new figures filed with the London Stock Exchange also show THG's revenue rose to a record £1.07bn during that time, up from £958.8m.

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