Aviation
Datalex suffers $11.5m loss in ‘disappointing’ year
Irish travel software company cites ongoing issues in China and admits to ‘material uncertainties’ over its future
Datalex, the Irish travel software company backed by Dermot Desmond, suffered a drop in revenues in a “disappointing” year that left it with a loss after tax of $11.5 million (€10.4 million).
The company, which provides software to airlines to help with their retail sales, has struggled in recent times. In April it secured an extension from Desmond to repay a €10 million facility agreed with his Tireragh vehicle – at a cost of interest ...