Losses of €4.6m for PolarLake

Retained losses at PolarLake, a Dublin software firm, have increased to €4.6 million after the company made a loss of more than €2.1 million last year.

Ian Kehoe - avatar

Ian Kehoe

22nd April, 2006

Retained losses at PolarLake, a Dublin software firm, have increased to €4.6 million after the company made a loss of more than €2.1 million last year.

The company, which develops integration software, had negative shareholders’ funds of €1.5million for the year ending June 2005, according to accounts just filed, down more than €1million on the previous year.

PolarLake recently raised €6 million in a funding round backed by Delta Partners, Add Partners and...

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