Shares in travel software firm Datalex fall 5% as annual losses rise €2.24m

SHARES in the Dublin-headquartered travel software company Datalex fell by nearly 5% yesterday on the back of it reporting a $3 million (€2.24m) increase in annual losses.

The company — which provides software solutions to a number of companies in the travel industry, including airlines such as Aer Lingus and United Airlines — reported a 221% rise in its pre-tax loss in 2009 to $4.5m (€3.36m).