Internet portal Yahoo! reported strong fourth-quarter profits this week, driven mainly by strong advertising sales and a windfall from sales of an investment.

In the quarter ended December 31, net income rose to $373 million (€285.98m; £199.54m). The rosy numbers were boosted by a $185m windfall from sales of shares in Google and other one-time gains.

Yahoo attracted 119 million unique visitors in December, more than any other site, reports web researcher comScore Networks.

The portal also plans to extend its broadband presence in 2005 and expand internationally via the acquisition of other portal and search sites.

Diagnosed chief operating officer, Dan Rosenweig: "We are a healthily paranoid company. We are appropriately focused on the fact that this is a fluid market, but we're a company born out of competition."

Data sourced from New York Times; additional content by WARC staff