CNG report $2.6m losses

KENMARE-BASED CNG Travel Group yesterday signed a strategic partnership with Japanese conglomerate Sojitz and reported losses of $2.6m for 2003.

The value of shares in the online travel and technology business rose slightly on the news to £0.80, up 0.5p, but still trading well below their May 7 £1.03 launch price on the AIM of the London Stock Exchange.

CNG, who employ 55 in Kenmare, yesterday entered the Japanese market through the deal with Sojitz Corporation to distribute it’s hotel bedroom booking programme in the Japanese business travel market, the second largest in the world.