Fourth quarter profits for Scoot.com were boosted by the company's acquisition of classified ads magazine Loot, although pre-tax losses continued to widen to £18.6m.
By Chris Holbrook, 16 November 2000 15:11
NEWS In light of the figures Scoot shares rose upwards of 5 per cent in recent trading. Scoot.com now hopes to achieve profitability during the course of next year, as organisation integration is completed, against an initial plan of January 2001. Full content integration is expected to be finalised in September 2001.
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