Paypal proves a huge boost to eBay profits

DOT-COM giant eBay have registered another set of record results, this time for the third quarter of 2003. With predicted turnover of $515m, the company actually registered revenues of $530.9m for the quarter, an 84 per cent rise on the same period last year.

This translated into an operating profit of $155.9m, up 73 per cent year on year. This means that eB…

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