€75,000 trading profit for Buy4Now

ONLINE retailer Buy4Now has reported its first modest trading profit of €75,000 for the year to the end of March.

Sales over the period rose sharply as the group expanded its target base and were up 33% to €14.75m.

Development eroded the operating figure, however, and the group was hit with development costs of €150,000, of which €100,000 was earmarked for international sales and marketing and €50,000 went on the upgrading of technology. Buy4Now’s board said it was confident of announcing a major international partner in the coming months.