2009 – not a good year for penny-auction-site swoopo

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Swoopo, one of the biggest penny-auction-sites of the web just published it’s financial figures for 2009. The gross sales of the Germany based Entertainment Shopping AG reached EUR 18.5 million last year. Compared to 2008 that means a decline of 3%. After taxes the company has earned a net profit of EUR 0.7 million. This year swoopo withdrew from Korea and there had been rumors about layoffs.

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