Prime Active Capital reports €1.84m loss

DUBLIN-based investment group Prime Active Capital (PAC) has reported an operating loss of €1.84 million for the first six months of this year, a decent improvement from the €2.65m loss it made for the same period last year.

The first-half after-tax loss for the company, which grew out of the restructured Oakhill printing group two years ago, was also more than halved — down from €4.84m to €2.13m. Its loss per share went down on a year-on-year basis from 21.40c to 9.14c.

Group revenue, combining sales of its Digimedia and Telemedia divisions, came to just over €14m, which represented a 66% year-on- year increase for the period.