YTB loss widens, sales plummet

by louabbott on August 7, 2009

Triangle Business Journal – Raleigh, NC
Friday, August 7, 2009 USA

… net loss widen during the quarter ended June 30th … company posted a $1.59 million loss in the 2nd quarter compared to a $199,000 loss during the same period last year. Revenue plummeted to $18 million, down nearly 59 percent … YTB has now generated a loss of $3.5 million on revenue of $39.4 million through the first 6 months of this year, according to its quarterly report filed Friday with the SEC … Since Jan. 1st, its number of active travel Web sites shrank 35 percent, from 92,383 at the start of the year to 60,414 by the end of June

Whole Story at: BizJounals.com

Also, see our overview at: YTB Facts, News and Review

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