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ILX Group

  • BY: Andrew Hore |
  • POSTED: 30/04/2012 |

e-learning provider ILX Group continues to benefit from strong international growth and it has offset weakness in the UK.

Figures for the year to March 2012 will be in line with expectations. Operating profit will be approximately £1m and revenues are going to be higher than the £12.9m reported for the previous year. This meets the downgraded forecast on the back of February’s trading statement.

Australia and the Middle East are growing markets for ILX’s e-learning software.

At 17.62p a share, ILX is valued at £4.86m. the share price is nearly two-fifths down on the level one year ago.

Damian Lane has replaced Chris Allner as the octopus Ventures representative on the board.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFApril2012_31.pdf

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