OREANDA-NEWS. The net profit of the Internet-company Yahoo Inc. in the third quarter of 2006 decreased by 37 percent because of weakening of the advertising market, the company informed on Tuesday.

However, Yahoo also has declared readiness of the improved system of search on the Internet that has led to growth of quotations of the company almost by three percent.

The net profit of Yahoo in the third quarter fell to $159 million, or 11 cents per share, from $254 million, or 17 cents per share in the last year. Without taking into account lumpsum charges at the rate of $80 million, profit has grown by five percent.