Thirdforce profits at €804k despite negative impact of exchange rates

IRISH e-learning firm Thirdforce said first half revenues and operating profits have been impacted negatively by the weakness of the US dollar and sterling.

It said revenues in the year to the end of June increased 50% to €13.5 million while there was a moderate increase in operating profits to €804,000.

The company said the increase in revenue included a full six-month contribution from Mindleaders, the US e-learning company acquired for $18m (€12.6m) last year.