E-learning company Third Force reports 33% revenue boost

THIRD FORCE, the provider of electronic learning products, boosted revenues by a third last year but its shares slid nearly 10% on increase losses.

The company, which is backed by entrepreneur Pat McDonogh, said revenues rose by €4.1 million to €16.6m thanks to several new contract wins, acquisitions, and the release of new learning tools.

However, the cost of developing products, pushed out pre-tax losses from €1.2m to €1.36m.