Datalex upbeat despite loss announcement
Travel software firm Datalex has recorded losses of €664,000 for the six months to the end of June. This compares to a profit of €1.2m in the same period last year.
Dublin-based Datalex said the loss could be traced back in part to a weak dollar, which was in turn partly behind increased operating costs in selling, marketing and administration.
The costs also included a once-off restructuring charge of €886,000. The company's investment in its product suite totalled €8.8m at the end pf June, compared to €7.2 last year.
The company's gross profits were €3.8m in the first half of the year, compared to €2.4m in the same period last year.
Datalex boss Cormac Whelan said: "The results show the first tangible benefits of the Datalex transition to a transaction pricing model and of its commitment to investment in its Travel Distribution Platform (TDP).
"It is particularly pleasing to see further evidence of the success of the strategy we adopted in the last two years."
