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***mandy*** · (This post was last modified: 10-20-2005, 08:30 AM by mandy.)

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

bargainbloodhound · 10-21-2005, 03:57 AM,

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.