Net loss at 2PM increases deficit to €14.8 million

Ballinasloe software company 2PM Technologies made a €142,000 net loss last year and has now built up €14.8 million in accumulated losses. According to new accounts for the company, it had a deficit in shareholders’ funds of €2 million for the year e

6th June, 2009

Ballinasloe software company 2PM Technologies made a €142,000 net loss last year and has now built up €14.8 million in accumulated losses. According to new accounts for the company, it had a deficit in shareholders’ funds of €2 million for the year ending June 30, 2008.

Directors of the company reported that the firm was dependent on the continued support of its promoters in financing working capital requirements until such time as trade revenues were sufficient...

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