AOL reduced its losses by 99 percent in the first half

Best Growth Stock – The internet portal AOL , which in March bought the popular online newspaper The Huffington Post, today announced that it reduced its losses by 99% the first half of 2011 and increased advertising revenue in the second quarter for the first time since 2008.

The firm, based in New York, recorded a loss of $ 7.1 million between January and June, compared to 1020.3 million lost in the same period last year, when additional expenses included a mismatch of 1.414, 4 million.

In the first half of the year, the firm joined 1093.6 million, 13% less than 1256.5 million of the same six months of 2010, mainly due to a reduction in subscription revenue by 23% to 416 7 million dollars.

During this period also decreased its advertising revenues of $ 659 million to 632.7 million.

However, the second quarter-the most attention-day U.S. analysts the company was able to increase its advertising revenues 4.7% to 319 billion, the first advance in three years.

“The return of the growth of AOL’s global advertising for the first time since 2008 reflects the hard work of our team and another important step forward for the recovery of the AOL brand,” said the publication of those results today President and CEO the company, Tim Armstrong.

However, the total turnover of the Web site between April and June fell 8% to stand at 542.2 million dollars, also affected by the reduction of investors from subscription, which fell 23% to 201 3 million.

Despite this decline in revenue, the firm also won the second quarter to cut its losses to 98.8% to 11.8 million, compared to 1.055 million lost in the same quarter last year.

The company, which split from the giant Time Warner  in 2009, bought last March on The Huffington Post online newspaper for $ 315 million and in January announced the purchase of video distribution site for 97 GoViral million as part of a restructuring to try to float your business.

According to data provided today by the company, The Huffington Post surpassed 30 million unique visitors in May, up from visiting the website of The New York Times.