Icon still in red

PUBLISHED : Tuesday, 15 August, 2000, 12:00am
UPDATED : Tuesday, 15 August, 2000, 12:00am

Stockholm listed e-business and Internet consultancy Icon Medialab International saw its first operating profit of US$304,000 for the three months to June 30. It had US$1.5 million operating loss for the same quarter a year earlier. However, after deducting goodwill amortisation and provisions for social security fees related to employee stock options, the company was still in the red.