By Joey Gardiner, 13 May 2002 11:50
NEWS ebookers has reported strong quarterly results with losses cut by 80 per cent and revenue up almost 50 per cent on the previous year. The firm said the travel market has recovered strongly after 11 September, enabling it to make a profit in its UK, Irish, Finnish and Swedish operations. ebookers reported sales of £61m over the year, rebounding sharply after dropping to £39m in the quarter directly following the US terror attacks. Losses before tax, interest and debt amortisation fell from £6.5m in the first quarter of 2001 to just £1.3m this quarter. Much of ebookers' improving performance is down to the numerous acquisitions it has made over the last year. However, MD Sanjiv Talwer told the London Stock Exchange the core business has also grown 40 per cent. Shares in the company were up 3.6 per cent in early trading at 156.5p.
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