Mitula enters Spanish fashion market

Company News

by Lee Brooks

The Mitula Group Limited (ASX:MUA) has added another 50 Spanish Fashion stores to its online vertical.

Customers visit the Mitula site and click on an item they are interested in and are then redirected to the originating online store. Mitula receives a percentage of the total user spend by site with 3.2 million Spanish visits per month.

The company is forecast 30 per cent growth of its 2015 revenue of 1.3 billion Euro.

Mitula operates 79 vertical search sites in 49 counties as well as 10 property portals in South East Asia.

Mitual reported a net profit of $2.59 million to the end of December 2015.

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