Marrakech losses hit €67m

Marrakech, one of Ireland's most heavily-backed private technology companies, had an accumulated loss of €67.2 million at the end of last year.

23rd July, 2005

Marrakech, one of Ireland's most heavily-backed private technology companies, had an accumulated loss of €67.2 million at the end of last year.

The company made a pretax loss of €4.4 million on turnover of €1.3 million in the year to the end of June 2004, according to accounts just filed. It had shareholders' funds of just over €660,000 at the end of the year.

Marrakech has since raised a further €4.5 million in funding, bringing its...

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