AIM listed e-learning software and business training provider ILX said business conditions in the UK remain uncertain as it drives international growth, particularly in Australasia.
Pre-tax profit increased to £0.115m in the six months to 30 September from £0.070m the year before. Revenue rose 7% to £5.906m.
Gross margins increased to 56% during the period from 52% in 2010.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
International turnover rose 105% to £2.429m, with divisional contribution to profits increasing to £0.771m. Revenue in Australasia increased more than threefold.
"We have continued to grow internationally with 44% of revenue now generated outside the UK. The domestic market is challenging but the business remains strong and profitable," said chief executive Ken Scott.
He added, "The changes made over the past year have produced a more focused, scalable business that has the potential to show accelerated growth in the coming period."
ILX said it had improved and extended bank facilities.
"Whilst there remains much to do in the second half we remain confident in meeting our full year expectations and in continuing to deliver strong growth," ILX said in a company statement.
--
cj
-
Will a Santa Rally bring festive cheer to investor portfolios this year?Investors will be hoping for a seasonal stock market boost in December
-
ChatGPT turns two: how has it impacted markets?Two years on from ChatGPT’s explosive launch into the public sphere, we assess the impact that it has had on stock markets and the world of technology
