Terra Lycos’ Revenues Decline; Losses Narrow
By Rafat Ali - Wed 05 Nov 2003 10:11 AM PST
Terra Lycos posted a net loss of 137 million euros ($157 million) from January to end September, 58.76 percent less than in the same period a year earlier. Sales fell to 391.23 million euros from 468.10 million, which the company put down largely to currency depreciation outside the euro zone.
It predicted that Q4 will see a positive result for EBITDA earnings. It would be the company’s first fourth quarter in the black since its formation. The company did not give a projected figure.
Posted in: Companies, Terra Lycos
