E-learning software and training provider ILX group is predicting it’ll achieve an operating profit of approximately £1 million this year.
In a trading update, the AIM-listed firm said it was confident its results will meet market expectations. It’s anticipating that overall international growth will drive an increase in revenues, despite “challenging” conditions in the UK market.
The company said it has seen particularly strong growth in Australasia and the Middle East, where “significant” new contracts have been won.
ILX chief executive Ken Scott (pictured) said: "In what has been a tough year, especially in the UK, I am pleased that the company has continued to increase its revenue. We are seeing the benefits of the move towards digitalisation of our product suite and this combined with continued overseas expansion will allow ILX to continue to grow."
Preliminary results are expected to be announced in late June.