EWEB will come in at 5/6M nad will be profitable for the first time
EWEB, through its wholly-owned subsidiaries, is engaged in the building of condominium apartments and building renovation; and provides leased line Internet services in Hungary. For the nine months ended 9/30/98, revenues totalled $3.2 million, up from $932 thousand. Net loss fell 57% to $766 thousand. Revenues reflect the acquisition of the Internet business. Lower loss reflects the absence of financing costs and lower foreign currency losses and interest costs.