HP Galway records pre-tax loss despite revenue increase

400 staff are employed at the European Software Centre in Ballybrit Business Park.According to the Irish Independent, accounts just filed show that the Galway division recorded a pre-tax loss of 12.8 million dollars.However,the figures also show that revenues increased to over 279 million dollars in the 12 months to the end of October last year.The main factor behind the loss concerns an exceptional cost of 25 million dollars towards additional pension payments in 2012.