HomeNewsMediaChile

365 CORPS SLASHES OPERATING COSTS

The company owns 365 branded soccer and Formula One websites but has scaled back its internet activities though closures of sites based in Santiago and Paris.
However, the London stock market listed company has reported revenue growth in its other activities, such as e-commerce and complementary mobile phone services.
However, slowing down the burn-though rate remains the company?s priority.
?365?s management teams remain highly focused on profitable growth and strict cost control,? said chief executive Martin Turner.
?We are fully committed to reaching break-even as quickly as possible and are looking for further material improvements in bottom line and cash flow performance during this financial year.?
365 said its new voice portal Eckoh had been successfully launched in June.
The company anticipates the service, which allows individuals to voice activate a range of customisable communication, commerce and content services from any fixed-line or mobile telephone, will become a big-earner when the next generation of mobile phones becomes available next year.