Prime Active losses checked

PRE-TAX losses at Dublin-based investment group, Prime Active Capital (PAC) more than halved last year, to €1.4m; down from a loss of €3.9m in 2009.

The group — which grew out of the restructuring of former printing group Oakhill four years ago — now consists of two entities: the Irish-registered managed services business, PAC Services, and the US-registered mobile phone retail business, PAC Telemedia.

The latter division, the core element of the group, saw its revenues surge by 73% to €36.1m last year, and its pre-tax loss fall by 64% to €300,000.