Global Crossing posts $19.6m loss

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.

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