By Lars Mucklejohn IG Design, the world’s largest maker of greeting cards, wrapping paper and gift bags, has nearly tripled its annual profit despite a drop in revenue on “soft demand”, as it focuses on simplifying the business. The London-listed Christmas cracker-maker reported an adjusted pretax profit of $25.9m (£20.4m) for the financial year ending on 31 March 2024, up from $9.2m (£7.3m) the previous year. The profit was in line with the company’s guidance upgrade at the end of April, before which analysts had forecast a figure of $20.5m (£16.2m). The upgrade in April sent IG’s shares up 3…