E-learning firm has retained losses of €27m

WBT Systems, the e-learning firm that was recently bought by Horizon Technology, had retained losses of €27.1 million at the end of 2004.

Ian Kehoe - avatar

Ian Kehoe

14th October, 2006

WBT Systems, the e-learning firm that was recently bought by Horizon Technology, had retained losses of €27.1 million at the end of 2004.

Accounts just filed by the firm show that it made a pretax loss of almost €1.3 million in 2004, despite a rise in sales to €4.3 mill ion. In the 15 months to the end of 2003, the company had sales of €3.6 million and lost almost €541,000.

Horizon bought WBT in August for €1.15million in...

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