Perlico incurs losses of €11.4m

BROADBAND and phone company Perlico incurred pre-tax losses of €11.4 million last year, new accounts show.

Accounts just returned to the Companies Office by Perlico Communications Ltd show the company’s turnover increased by 16% to €43.7m to the end of March last year.

However, the accounting period was 15 months last year compared to the previous 12-month year, when revenues of €37.5m were recorded.