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TulipTools Internet Business Owners and Online Sellers Community › Online Auction Industry, B2B Trading Sites, Classified Ad Sites, Fixed Price Venues, and Malls › Online Auction Industry Discussion › Auction Sites › QXL Ricardo v
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QXL posts profit, sees further growth

  
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QXL posts profit, sees further growth
10-20-2005, 08:11 AM, (This post was last modified: 10-20-2005, 08:30 AM by mandy.)
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mandy Offline
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QXL posts profit, sees further growth
Quote:QXL, once billed as Europe's answer to eBay, posted trading profit of 158,000 pounds in the six months to end-September compared to a loss of 334,000 pounds the previous year as revenue increased 67 percent to 5 million pounds.

The result marked its third consecutive profitable quarter.

Shares in QXL, one of the fallen stars of the dot-com boom that was worth as much as 2.5 billion pounds five years ago, closed at 7,350 pence on Wednesday, valuing the company at around 129 million pounds.

full article: http://today.reuters.co.uk/news/newsarticle.aspx?type=businessNews&storyid=2005-10-20T070226Z_01_SPI025313_RTRUKOC_0_UK-RETAIL-TECH-QXL.xml

related topic from today:

"Update on QXL Legal Battle to Regain Control of QXL Poland (Allegro.pl)" http://community.tuliptools.com/index.ph...704.0.html
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10-21-2005, 03:57 AM,
Post: #2
bargainbloodhound Offline
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Re: QXL posts profit, sees further growth
The full earnings release is here:  http://www.qxl.co.uk/contents/uk/qxlmedi..._06_d9.pdf

Quote:We are continuing to focus our efforts in those countries where we are the market-leader, i.e.
Switzerland, Denmark and Norway. We have been pleased with the continuing positive impact of our
TV and radio advertising campaign in Switzerland earlier this year and we are also increasing our
investment in the development of our brand in Norway and Denmark.

Quote:Poland
As announced on 17 October, we have been approached with a proposal for the recovery of full
control of QXL Poland Sp z o.o. as well as the acquisition of certain additional assets in Poland and
other parts of Eastern Europe as part of a negotiated settlement of our ongoing legal claims in Poland.
The details of this proposal are still being discussed by the Board with its major shareholders.
"Well, Jay was so giddy that someone named Jay was involved with this site we posted our first non-eBay listing in 3 years here at Lunarbid (we tried two items at Yahoo once upon a time, they bombed)" -Marie posting in a LunarBid thread at OTWA in 2005 wins the award for 'most moronic reason ever given for choosing a venue"

"thanks twat u must have nothing better 2 do. do u talk to all your members like that. will not be recomending your site.
best way to put it is TULIPTOOLS.COM IS REALLY SHIT. DONT JOIN." -pubescent owner of rinky dink off2auction.com in 2011
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