The Irish arm of UK-owned software company, Intec sustained an operating loss of €714,000 in 2008.

According to accounts recently filed with the Companies’ Office, the Galway-based Intec Billing Ireland Ltd sustained the operating loss after turnover decreased by 8 per cent from €46.3 million to €42.4 million.

The software consultancy company employs 115 people in the Galway IDA business park and provides business and operations support systems to service providers in the global telecommunications market.

The company’s pre-tax loss to the end of September 2008 was €5,000 after interest payments and other costs totalling €704,000 reduced the company’s operating profit. The loss in 2008 compares to a pre-tax profit of €4 million in 2007.