ThirdForce six-month losses cut to €572,000

LOSSES at ThirdForce, the e-learning company, narrowed to €572,000 in the first six months of the year.

The company, which has expanded through acquisitions in the past 18 months, said it was profitable at operating level this year and its business plan targets were ahead of track.

The loss for the six months to the end of June 2004 was better than the €609,000 it recorded this time last year. Revenues, at €5.8 million, at the half-year stage, were up 114% on last year and an improvement on the €5 million it booked in the six months to the end of December 2003.