Interest puts CNG in the red

ONLINE reservations firm CNG Travel booked a loss of €7.22 million in the first six months of the year.

Interest puts CNG in the red
Thu, 30 Sep, 2004 - 01:00
Ian Guider

The Kerry-based firm blamed the widening losses on exceptional items and said that at trading level it made profits of more than €1.6m.

A €4.5m interest bill during the year and the cost of an aborted acquisition in America wiped out most of the good news from the first half results.

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