Irish travel software firm Datalex has recorded a net loss after exceptional items of $3.9 million (€2.9 million) for 2011, compared to a loss of $2.1 million a year earlier.

Datalex attributed the loss to a €2.1 million write-off of trade receivables relating to the conclusion of litigation with the Australian travel group the Flight Centre last year, and a $0.4 million provision linked to Spanair, which ceased trading in January.

Loss before tax and before exceptional items totalled $1.4 million as against $2.1 million in 2010.

The company said it had achieved good progress last year as earnings before interest, taxes, depreciation, and amortisation rose by 42 per cent to $4.3 million from $3.1 million in 2010. Cash reserves increased by $1.4 million to $12.5 million over the same period.

Datalex said it secured eight new contracts last year.