Chip-design firm makes loss of €430,000

Chip-design firm Silansys Technologies, which was bought last March for about €6 million, made a loss of almost €430,000 last year.

11th February, 2006

Chip-design firm Silansys Technologies, which was bought last March for about €6 million, made a loss of almost €430,000 last year.

Silansys had an accumulated loss of almost €280,000 at the end of last March, according to new accounts. It had shareholders’ funds of less than €9,000 at the end of the financial year, down from €190,000 the previous year.

The accounts show that two employees of Silansys, David Moloney and Sean Mitchell, invested...

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