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Buscape to hit profits in 2004 - Brazil .

The America's Intelligence Wire

| October 07, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Business News Americas)

Byline: Gary Washburn

(BNamericas.com) - Brazilian price comparison portal Buscape expects to report profits for the first time this year, after opening up shop in 1998 and reaching operating breakeven in mid-2002, Buscape chief executive Romero Rodrigues told BNamericas.

This year's revenues will be between 4.5mn reais and 5mn reais (US$1.57mn - US$1.75mn), Rodrigues said. The site attracted 1.7 million individual visitors in September, up nearly threefold from September 2002, and expects to report two million visitors during the Christmas season.

The company survived the dotcom blowout because unlike most Internet companies it never depended on advertising revenues, Rodrigues said.

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