Tous Actualités
Suivre
Abonner MatchNet plc

MatchNet plc

euro adhoc: MatchNet plc
Annual Reports
MatchNet plc 2002 Revenues Grow 60 Percent Over 2001 Company Achieves First Full Year Net Profits; Earnings Per Share of $0.02 (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
LOS ANGELES, CA, March 31st, 2003 - MatchNet plc (MHJG: Frankfurt
Stock Exchange - Prime Standard), one of the largest providers of
online personals worldwide, today reported full year results for the
period ended December 31, 2002.
Revenues increased 60% to USD16,90 Mio. in 2002, compared to USD
10,54 in the year ago period.  Operating expenses declined 12% to 59%
of revenues compared to 67% of revenues in the prior year.  Net
income was USD 0,40 Mio. compared to a loss of USD 6,64 Mio. in the
same period last year. Earnings per share increased to USD 0,02 in
2002, from a loss of USD 0,39 in the prior year.
The increase in revenues and profits is primarily attributed
technology upgrades and site enhancements at two of MatchNet’s
personals sites, JDate.com and AmericanSingles.com. The upgrades
improved efficiencies and increased member satisfaction, resulting in
growth of overall membership and a higher conversion rate of free
memberships into paying subscribers.
In February, MatchNet’s combined online dating properties recorded
more than 3.7 million unique visitors, according to
Nielsen//NetRatings, securing MatchNet a top spot in the online
dating industry.
Management expects this trend to continue in 2003, since roll-out of
the new technology to further MatchNet Sites is planned.
Investor Contacts:
MatchNet plc
Elmar Bob
+ 49 69 74 09 37 88 
Elmar@MatchNet.com
end of announcement        euro adhoc 31.03.2003

Further inquiry note:

Elmar Bob +49 69 74 09 37 88 Elmar@MatchNet.com

Branche: Online
ISIN: US5766601042
WKN: 930129
Index: Prime Standard
Börsen: Frankfurter Wertpapierbörse / Neuer Markt
Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Hamburger Wertpapierbörse / free trade
Niedersächsische Börse zu Hannover / free trade