CompuServe Corp has reported fourth quarter net losses of $18.0m, after a $9.2m charge for write down of equities and office facilities, up from losses last time of $1.1m, on revenues that fell 3.3% to $207.9m. Net losses for the year to April 30 were $119.8m, after an $80.1m charge for restructuring, the closure of the Wow! Service, accelerated amortization and the above charge, against profits the previous year of $49.1m, on revenues that rose 6.1% to $841.9m.
This article is from the CBROnline archive: some formatting and images may not be present.
CBR Online legacy content.
Join our newsletter
Industry leading data and analysis for the FDI community