One-off charge puts Trinitech in red

PAYMENTS software group Trintech made a loss of $3.7 million (€3.02m) in the second quarter of the year.

The company said the loss was because of a one-off $3.9m (€3.1m) charge to extend the warranty of products it sold to customers in Europe.

Shares in Trintech slipped less than 1% on the Nasdaq market early yesterday following the release of the results. The company had already warned investors of the exceptional charge earlier this month.