ThirdForce announces drop in profits
13/04/2006 - 10:12:39Dublin based e-learning courseware and testing provider ThirdForce today announced a drop in operating profits from €1.3m in 2004 to €669,000 in 2005.
It said the cause for the drop was investment in new business divisions and the group’s technology suite totalling €1.2m.
Meanwhile, revenues for 2005 were up almost 5% to €12.6m.
“2005 has been another year of progress for ThirdForce, where we continued our investments in acquisitions, new business divisions, technology and new products,” said ThirdForce chief executive Brendan O'Sullivan.
