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
-
Which UK region has the most in savings? Average savings by areaThe amount people have in their savings differs from region to region in the UK. How does your nest egg compare to those living nearby?
-
Doug and Mary Perkins: Specsavers’ clear-sighted foundersHelped by the deregulation of the sector in the 1980s and brilliant advertising, Mary Perkins and her husband Doug have taken Specsavers to the top of the optometry market
