365 Corporation cuts losses

Is the sport site operator finally getting itself into gear?

Is the sport site operator finally getting itself into gear?

The latest quarterly results from 365 Corporation show that the company's determined effort to cut costs appears to be working. Operating losses have been squeezed from £6.45m in March of this year to £3.74m in June, though revenues were down from £14.52m last quarter to £14.21m. CEO Martin Turner said the company is committed to breaking even as soon as possible. 365 Corporation runs several sport-related web sites including football365 site, as well as offering various online voice and data services. Shareholders have recently pressured the company into streamlining its operations. Last year it surfed a wave of hype that drove its share price above 300p, but this morning it sat at a just 14p.