By Kate Hanaghan, 19 November 2001 14:45
NEWS Online directory service Scoot.com has said it has enough cash to survive until May next year despite reporting increased losses for the period.
Pre-tax losses were up to £174.8m for the nine-months to the end of September. This compares with losses of £34.2m for the same period last year. Much of this is because of costs associated with the write-off of Loot.
Scoot scooped Loot for a whopping £189m last year but only managed to sell it for a paltry £43m.
The company has been struggling to cope at its call centre after staff walked out ahead of their expected redundancy dates. Scoot has experienced a 16 per cent drop in the number of calls taken.
A year ago the company's shares were trading at 374p. Today it experienced a gentle rise of 0.4p to 1.68p.
For more on Scoot's fall from grace, read:
Scoot.com sacrifices Loot to keep afloat
http://www.silicon.com/a46619
Yahoo! dumps Scoot for Yell
http://www.silicon.com/a46317
Scoot.com has one month to live
http://www.silicon.com/a46070
Scoot searches for silver lining in very black cloud...
http://www.silicon.com/a45358
Scoot pays £190m for Loot
http://www.silicon.com/a38005
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