Vitaminic, Italian-based rival of MP3.com that operates country-targeted digital music sites in 10 countries, posted its first quarter 2001 results and almost doubled its revenues compared to fourth quarter of 2000 (from 669,000 euros to 1.3M euros).
Company's consolidated gross operating loss was 2.64M euros compared to Q4/2000 loss of 5.9M euros. Company has acquired few additional web sites in this year, including IUMA, one of the oldest music promotion services in the world.
Written by: Petteri Pyyny @ 15 May 2001 11:58
Vitaminic's revenues almost doubled
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