ebookers Set for Strong Growth in 2002

Losses have narrowed for ebookers
and the company says that it is set for strong growth in 2002.
Pre-tax losses in 2001 fell to £25.6 million, compared with £37.04 million the previous year.
Gross profit rose by 110% from £9.7 million to £20.3 million with a turnover of £146.6 million, up from nearly £82 million.
Chief executive Dinesh Dhamija
says: “In 2001 we have delivered very high growth and, at the same time, succeeded in lowering the relative size of our cost base and steadying our cash position. Bookings so far in 2002 have regained a strong upward momentum indicating that the effect of the September 11 tragedy on our business is now over.”

Costs have been cut, thanks in part to a renegotiation of online advertising agreements and more focus on higher margin products such as car hire and hotel rooms.

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