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365 losses grow in Q3

Voice portal launch due in Spring

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Web content provider/telco 365 Corp saw pre-tax losses grow to £ 10.2 million for the third quarter.

This compared to a loss of £ 6.2 million for the same period the previous year. Sales at the British outfit rose to £ 13.6 million for the three months ended December 31 2000, from £ 5.6 a year earlier.

The company's consumer arm accounted for £ 7.5 million of sales, up from £ 3.6 million the previous year. Its users grew 20 per cent in the quarter to 2.9 million. The business division saw sales triple to £ 6.1 million.

"Since the quarter end we have seen a good recovery in the audiotext market and, together with the continued growth in revenues and gross margins in other areas, disciplined control of costs and effective marketing of our products, are confident of the success of our drive to profitability," 365 CEO Dan Thompson said.

365 floated on the London Stock Exchange in December 1999.

The launch of its voice portal, which Thompson said was expected to bring the company "significant revenue and profit generation opportunities," is due this spring. ®

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