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Bookline.hu losses narrow in Q1-Q3

Hungarian online bookseller bookline.hu had a loss of HUF 84 million in Q1-Q3, an improvement over a HUF 178 million loss in the same period a year earlier, the company said in its Hungarian Accounting Standards report.

Net sales revenue climbed 4% to HUF 2.54 billion. Material costs rose 1.5% to HUF 2.22 billion.

Bookline.hu booked a HUF 87m loss at operating level.

Bookline.hu had more than 501,000 registered users at the end of Q3.

Bookline.hu had total assets of HUF 2.0 billion on September 30, 2010, 3% more than twelve months earlier. Net assets rose 8% to HUF 1.18 billion. (MTI – Econews)