Norkom losses drop by 60%

NORKOM Technologies, the Dublin-based customer relationship management software firm, saw its losses fall by 60% in 2002.

Norkom, whose directors include Denis O’Brien, Fran Rooney and Gavin O’Reilly, reported a loss before tax of €8.35m in the year to end March, 2002, from €13.4m in 2001, according to documents filed with the Companies Office.

The accounts show that losses carried forward were €23.8m at the end of Norkom’s financial year, while its cash balance fell to €1.65m from €7.54m.