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ILX Group

  • BY: Andrew Hore |
  • POSTED: 24/04/2009 |

ILX Group says that its full year turnover will be better than expected but profits will be slightly below expectations.

A 2008-09 profit of £1.89m was originally forecast.

The training provider ended the year to March 2009 with record level of forward revenues, which are valued at £1m. Both divisions are winning new business.

Corporate Training Group has a customer base of financial services companies. Lehman Brothers was an important customer and the loss of its business hurt the division, which came under margin and revenue pressure in the second half of the year. CTG has won a new contract with a leading European bank.

At 26.5p a share, up 4.5p on the day, ILX is valued at £5.14m.

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