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.

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.

Share prices were higher in relatively quiet midday trade still on relief Iraq accepted the UN resolution on weapons inspections, dealers said.