Intellego narrows losses, sees 'significant’ sales growth
Date: Monday 30 Jun 2008
LONDON (ShareCast) - Shares in Intellego Holdings rallied after the E-learning company posted narrower full-year pre-tax losses and said it expects the current year to show ‘significant’ growth in sales.
Pre-tax losses narrow to £408,118 in the year ended 31 March compared with a loss of £537,793 last time. Group revenues increased 59% to £1.67m.
The group starts the new year with double the forward order book at £366,000 at year-end compared with £169,000 previously.
“The board is maintaining its strategy of focusing on the development of value adding training solutions which continue to result in strong repeat and recurring revenues,” said chairman Angus Forrest.
“The move into the provision of higher value added training solutions and services has the added benefit of increasing the revenues to be booked in future periods. We believe investment in these activities is building a much stronger business model and generating shareholder value,” he added.
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