Italian Dada swings to EUR 17.5m net loss in 2010.(Financial report)

(ADPnews) - Mar 14, 2011- Italian Internet services provider Dada SpA (BIT:DA) booked EUR 17.5 million (USD 24.44m) net loss for 2010 after a EUR 6.9 million net profit for 2009, the company said Monday.

Revenues fell by 2% on the year to EUR 151.5 million. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell to EUR 14.465 million from EUR 20.473 million a year ago. The operating loss stood at EUR 11.89 million after a profit of EUR 4.6 million.

Dada registered a pre-tax loss of EUR 14.4 million after a profit of EUR 8.56 million.

The group's net debt stood at EUR 50.645 million compared with EUR 36.66 million in debt at the end of 2009.

(EUR 1 = USD 1.397)