Netbenefit was hit hard by the failure of dot.coms over the six months reported. Its core business...
Netbenefit was hit hard by the failure of dot.coms over the six months reported. Its core business is registering domain names on behalf of companies and individuals. Two-thirds fewer were registered in the UK in January this year than in March last year. Chairman John Parcell said the performance was "disappointing". He attributed a large proportion of losses to investment in developing software. This cost was now contained and Parcell predicted the company would become "cash neutral"in the near future, as cash burn decreased.
What made financial headlines over the weekend?
The chairman doggedly tries to be amusing
'Profitability is almost a myth'
Active Wealth in liquidation
Cautious welcome for volatility