Deliveroo is one of Europe’s most valuable and fastest-growing private companies but its pre-tax losses rose by 16 per cent AlamyAnnual losses at Deliveroo widened to £232 million last year as its rapid expansion continued. The privately owned food-delivery business said yesterday that global sales had reached £476 million in 2018, its sixth year of trading, up 72 per cent on 2017. Gross profits rose by 42 per cent to £91 million, but pre-tax losses expanded by 16 per cent. The company’s 2018 accounts have yet to be filed at Companies House, the corporate registry, but Deliveroo issued a statement outlining highlights of its performance for the year. The London-based business said that it had “continued to invest heavily in its service as it looks to expand its operations” and added that it planned to launch in another 50 towns and cities in the UK…

Source: The Times October 02, 2019 23:03 UTC