QXL Ricardo cuts losses

Online auctioneer QXL Ricardo showed signs of recovery today after it revealed a 53% rise in revenues and a sharp reduction in losses.

QXL Ricardo cuts losses
Wed, 25 Jan, 2006 - 13:36

Online auctioneer QXL Ricardo showed signs of recovery today after it revealed a 53% rise in revenues and a sharp reduction in losses.

The auctioneer – once tipped as Europe’s answer to eBay – is expected to announce its first annual pre-tax profits since 2003 when it post results later this year.

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