Sales at Curam surged by more than 50 per cent for the second year in a row, rising from $30 million in 2004 and $18.5 million in 2003. However, the company’s pre-tax profit fell to $352,752 last year from $846,940 in 2004, as it boosted investment in its technology. Newly-filed accounts show that Curam’s profit margin fell as it ‘‘increased its investment, particularly in product development and sales and marketing activities’’.
Despite the drop, the...
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