Freeserve makes first (monthly) profit
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Posted in Music and Media, 1st September 2003 12:02 GMT
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Freeserve has made its first profit, the ISP revealed today.
Exact details were not revealed but it seems that during August, Freeserve made more cash than it spent. The use of black ink comes a month before the ISP celebrates its fifth anniversary.
A spokeswoman for the ISP told The Register that Freeserve doesn't expect to be in profit for the whole of the year, but is on target to be break-even for 2004.
In 2002 Freeserve - part off French ISP Wanadoo - racked up increased losses of €92 million (£65 million), up from €74 million (£52 million) the year before. ®
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