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ebookers shares soar on 35% revenue increase

Added:
Apr 30, 2001

While the pre-tax loss of 8.1m exceeded analysts' expectations of 7.6m, the company reiterated its aim of reaching cash flow positive by Q4 this year, or Q1 2002.

This hope is bolstered by continuing cuts in its operational expenditure, reducing this to 12.6m, and lowering its proportion within overall sales from 34.3% in the previous quarter to 30.0% over the three months to 31 March.

ebookers boasted a cash balance of 30m as at 31 March.

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