BtoB reports sharp profit drop

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Hong, which operates DoubleClick Media Asia and DoubleClick Media Korea, reported gross profit of $500,000 for the third quarter, down 53.4% from the same period last year. Revenue for the quarter was $2 million, off 40.5% from the third quarter of 2000.'s online advertising solutions operations in Asia and Korea are joint ventures with DoubleClick Inc., New York.
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