News blog
Intellego Holdings
- BY: Andrew Hore |
- POSTED: 31/10/2010 |
E-learning consultancy and software provider Intellego Holdings returned to profit in the six months to September 2010 and continued to be profitable in October.
Intellego reported a profit of £64,000, against a loss of £323,000 in the same period last year. Annualised cost savings of £274,000 have been made. Revenues improved from £854,000 to £1m – similar to the revenues in the second half of last year. The growth came from the re-sale of software and Intellego’s own content. Consultancy revenues fell.
Net debt was £150,000 at the end of September 2010. There was a small cash outflow from operations in the first six months. Further benefits from the recent subsidiary CVA will show through in the second half.
Marketing spending is being increased in the second half. More than £50,000 has been invested in new products.
The potential sales pipeline is worth £2.4m.
At 0.42p a share, Intellego is valued at £1.12m.
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