America Online (AOL), the world's online leader, yesterday announced a fully taxed net income of $117 million (€110.49 million) -or 11 cents per diluted share - for its fiscal third quarter. This compares with $39 million, or four cents per share, in last year's corresponding quarter.

The company said its third-quarter results set new records for total revenues, advertising and commerce revenues, fully taxed net income before one-time events and membership growth. "This was a pivotal quarter for America Online," said Steve Case, AOL's chairman and chief executive officer.