Losses at Datalex reduced by 90% in first half of year

Losses at Irish travel software firm Datalex dropped 90 per cent to $200,000 in the first six months of 2012, according to interim results filed by the company.

The company said earnings before interest, tax, depreciation and amortisation increased by 152 per cent to $2.6 million (€2.07 million) for the six months to the end of June. This compares to a figure of $1 million for the same period last year.

Total revenue for the period increased by 18 per cent to $11 million. Transaction revenue for the same period grew by 21 per cent to $7.2 million.

Cash reserves increased by 18 per cent to $11.1 million.

Headquartered in Dublin, Datalex has offices in Europe, Asia Pacific and the US and is listed on the Irish stock exchange.