PolarLake, the Dublin-based financial software firm that was acquired by Bloomberg last year, saw its gross profit margin widen in the financial year prior to its takeover.
New abridged accounts for the firm reveal that its gross profit in the year ending June 30, 2012 was €6 million, which was up from a gross profit of €4.6 million a year earlier.
However, increasing administrative costs affected the company's bottom line. Administrative costs rose to €4.6 million last...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team