Business Services Industry
Online travel agent ebookers' picture brightens after profits shock.
Knight Ridder/Tribune Business News, August, 2004
By Jim Armitage, Evening Standard, London Knight Ridder/Tribune Business News
Aug. 16--Online travel agent ebookers today moved to reassure investors that current trading was "encouraging" after its shock profit warning last month.
The group's shares crashed more than a third at the end of July after new finance director Michael Healy carried out a review that dramatically cut the company's growth expectations. Analysts slashed profit forecasts for the year by more than 80 percent.
Today, reporting a narrowing of losses for the quiet second quarter ending 30 June, chief executive and founder Dinesh Dhamija said: "Quarter three trading from 1 July to date has been encouraging and in line with our expectations."
He said the...
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