Is the sport site operator finally getting itself into gear?
Published: 30 August 2001 11:15 GMT
The latest quarterly results from 365 Corporation show that the company's determined effort to cut costs appears to be working.
Operating losses have been squeezed from £6.45m in March of this year to £3.74m in June, though revenues were down from £14.52m last quarter to £14.21m.
CEO Martin Turner said the company is committed to breaking even as soon as possible.
365 Corporation runs several sport-related web sites including football365 site, as well as offering various online voice and data services.
Shareholders have recently pressured the company into streamlining its operations. Last year it surfed a wave of hype that drove its share price above 300p, but this morning it sat at a just 14p.
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