Bookline H1 revenue jumps 62%
First-half revenues of online bookseller Bookline jumped 62% to Ft 1.45 billion year-on-year earlier as the company expanded its product offering.
Bookline booked first-half losses of Ft 52 million and negative EBITDA of Ft 18 million. Both figures were nearly level with the same period a year earlier. Operating losses grew 30% to Ft 73 million.
Bookline had total assets of Ft 1.86 million on June 30, 2008, 15% less than twelve months earlier. Net assets jumped to Ft 1.45 billion from Ft 252 million, reflecting a capital raise carried out in H2 2007 and liabilities dropped 81% to Ft 377 million.
Közép Europai Média és Kiadó Szolgáltató, owned by the businessman and investor Kristóf Nobilis, holds 75.06% of Bookline. (MTI – Econews)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.