News
ILX Group PLC
21 April 2008
Year end trading update
ILX Group plc, the AIM quoted business education and training specialist, is pleased to report strong trading in the six months to 31 March 2008, following on from good interim results for the first half of the year to 30 September 07.
Both the Best Practice and Corporate Training Group divisions have performed well and in both cases revenues for the year have shown double digit growth.
The Company expects profits before exceptional items to be in line with market expectations. The exceptional items relate to the restructuring of the Best Practice division in the first half, as previously announced in the interim results, and to costs incurred in the recent £6.0 million refinancing with Barclays Bank plc, announced two months ago. The preliminary results are expected to be reported in late June.
Current trading remains strong across the business. Nevertheless, the Company continues to monitor current economic forecasts and conditions carefully.
In this context we are pleased that our order visibility remains strong and for the current year we expect continued modest growth for the year ended 31 March 2009.
Enquiries:
ILX Group plc www.ilxgroup.com |
020 7751 7100 |
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Adventis Financial PR |
020 7034 4758/4759 |
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Charles Stanley Securities (Nominated Adviser) |
020 7149 6000 |
