ILX ramps up international growth
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.
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.
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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyers
Rachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
-
Average Brits want to retire five years before they can – who has the widest retirement gap?
Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap