Internet search service Terra Lycos said its net loss widened seven times in 2000 amid a series of acquisitions.
Published:
28 February 2001 y., Wednesday
Internet search service Terra Lycos said its net loss widened seven times in 2000 amid a series of acquisitions.
The loss widened to $507 million from $70.5 million in 1999, the company said in a statement. The results include Lycos, the U.S. Internet company Terra Networks took over last year, for the months of November and December. Terra Lycos previously announced pro forma results Feb. 1, combining the two companies' separate accounts for the entire year. Terra Lycos reported a pro forma loss, before interest, tax, depreciation and one-time items, of $348 million. Its year-earlier loss was $85 million, with sales rising 87 percent in 2000 to $526 million.
Including Lycos only for November and December, Terra Lycos' sales rose to $329 million from $36.6 million, the company said Tuesday.
Šaltinis:
Bloomberg News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission today concluded on the existence of excessive deficits in Cyprus, Denmark and Finland and recommended deadlines for their correction to the Council.
more »
Over 2000 former construction workers in Spain and nearly 600 ex-employees of Irish glass company Waterford Crystal and its suppliers will receive a total of €11 million in aid from the EU Globalisation Adjustment Fund to help with training, business start-ups and job guidance under plans agreed by MEPs and the Council of Ministers.
more »
MEPs on Tuesday decided six top priorities and a number of additional key issues for the upcoming negotiations on the 2011 budget.
more »
The EU-China Science and Technology Week starts today at the heart of World Expo Shanghai.
more »
European Climate Action Commissioner Connie Hedegaard and European Investment Bank President Philippe Maystadt agreed on Monday to explore a joint climate finance initiative for developing countries as part of the European Union commitment made at the UN climate conference in Copenhagen last December.
more »
Sustainability, competitiveness and security of energy supply: the three pillars to the foundation of a new EU energy community.
more »
EU Trade Commissioner Karel De Gucht and Palestinian Minister of National Economy Hasan Abu-Libdeh today discussed measures to enhance EU-Palestinian bilateral trade relations and to facilitate trade of Palestinian products to EU markets.
more »
Some of the most innovative and exciting transport research projects funded by the EU are being showcased at the Transport Research Arena (TRA) in Brussels this week.
more »
Nowadays we rely heavily on satellite positioning and navigation, but the only available technology is American.
more »
The European Commission will reveal how it aims to revamp its transport networks policy in response to the challenges of the 21st century at a conference dedicated to the Trans-European Transport Network (TEN-T) in Zaragoza on 8 and 9 June.
more »