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Datalex suffers $11.5m loss in ‘disappointing’ year

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Datalex, the Irish travel software company backed by Dermot Desmond, suffered a drop in revenues in a “disappointing” year that left it with a loss after tax of $11.5 million (€10.4 million).

Datalex, the Irish travel software company backed by Dermot Desmond, suffered a drop in revenues in a “disappointing” year that left it with a loss after tax of $11.5 million .

The company, which provides software to airlines to help with their retail sales, has struggled in recent times. In April it secured an extension from Desmond to repay a €10 million facility agreed with his Tireragh vehicle – at a cost of interest ...

 

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