Sedo Holding reported that net loss for the first half of 2012 was EUR 59.0 million, compared to profit EUR 1.9 million in the same period last year. Loss per share were standing at EUR 1.94, compared with net income of EUR 0.06 in the prior year.
The Company generated 5.9% growth in sales revenues to EUR 66.6 million, compared with EUR 62.9 million in the previous year.
The company now expects sales revenues to grow by between 5% and10% for the full 2012 year, and positive EBT before one-offs, which will be below the present objectives. It had previously been assumed that sales revenue growth of around 10% would be achieved 2012, and that EBT before one-offs would amount to between EUR 5.0 million and EUR 6.0 million.
The company said it adjusted its earnings forecast for the 2012 financial year on June 5, 2012, due to a confirming negative revenue and margin trend in the Domain Marketing segment at the beginning of the second quarter 2012.
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by RTT Staff Writer
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