XING announced 2008 first half revenue of 15.91 million euros
This industry news is provided from the West Technology Limited
Today, Europe’s leading professional business social networking platform XING operators XING AG announced the preliminary results the first half of 2008, compared to the same period last year, Sales increased nearly doubled, reaching 15.91 million euros. In particular the second quarter was on sales of 8.41 million euros, while the same period last year was only 4.29 million euros. Deducting interest, taxes, depreciation and the amortisation before the earnings (EBITDA), the profits were 5.76 million euros, profit margins reached 36 percent, more than three times as the first half of 2007. In particular, it is worth noting that this performance is achieved under the condition that the company stopped purchasing which cost 768, 000 euros in the second quarter. At the same time as this is non-recurrent costs, it is not included in EBITDA. Register in part, because the strong growth of paid senior members, XING shares in the first half of 2008 reached a total of 12.64 million euros in sales, while last year the figure was 7.86 million euros. Only in the second quarter of this year, paying members added to 50,000 people, the new paying members of XING platform won 10.8 million people the first half of 2008. Until June 30, 2008, a total paid membership reached 470,000 people. Since the development of enterprises and mergers and acquisitions (M & the first quarter of 2008 cember.net), XING platform in the world has a total of 6.14 million members.
