Datalex reports reduced losses

TRAVEL software group Datalex has reported a pre-tax loss of $177,000 for the year ending December 2004, an improvement on the loss of $7.2 million in 2003.

Datalex said its overall revenues grew by 5% in the year. E-business revenue grew by 13% from $21.2m to $23.9m. However, this increase was offset by a reduction in consulting revenues of 15% from $7.9m to $6.7m.

Cost of sales reduced by 2% from $19.9m to $19.4m.

This along with the increased revenues resulted in an increase in the gross profit by 21% from $9.2m to $11.2m.