StockMarketWire.com - Learning Technologies Group's revenue increased by 42% to £28.3 million in the year to the end of December.

Recurring revenues increased 27% (2015: 10%) - up 170% on last time.

Revenues generated outside of the UK increased to 36% (2015: 12%) - up 200% - and adjusted EBITDA rose to £7.7 million (2015: £4.3 million) - up 77%.

Other highlights:

- Statutory loss before tax of £1.2 million after accounting for acquisition related deferred consideration as deemed remuneration

- Adjusted diluted earnings per share of 1.184 pence (2015: 0.756 pence per share) - up 57%

- Proposed dividend for the full year of 0.21 pence per share (2015: 0.15 pence) - up 40%

- Strong balance sheet with shareholders' equity of £30.7 million (2015: £25.1 million)

Chief executive Jonathan Satchell said: "2016 was another fantastic year for LTG during which we delivered strong revenue and profit growth as well as completing the acquisition of Rustici Software and investment in Watershed Systems.

"LTG is very well placed in its digital learning segment of the global corporate training market and it is pleasing to see that recurring revenues increased to 27% and revenues outside of the UK to 36%."








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