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News International Global Crossing posts $19.6m loss
News International Global Crossing posts $19.6m loss
| Global Crossing posts $19.6m loss |
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| Saturday, 13 February 2010 |
The Irish Times  Global Crossing Ireland Limited, a subsidiary of Eircom’s new owner, Singapore-based STT, made a pretax loss of $19.6 million (€14.3 million) in 2008, according to newly-filed accounts.The firm, which sells telecoms infrastructure and capacity, generated turnover of $28.2 million in the same year, with the bottom line boosted by a $22.5 million foreign-exchange gain. In 2007, the firm had a pretax loss of $71.7 million on turnover of $47.9 million. A related Irish company, Global Crossing Services Europe, meanwhile recorded a pretax profit of $2.9 million in 2008. http://www.irishtimes.com/newspaper/finance/2010/0213/1224264351736.html Share this article:
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