StockMarketWire.com - Educational technologies provider Learning Technologies Group posted a £3.4m pre-tax profit in 2018, improving on a breakeven performance on-year.

The company's revenue almost doubled to £93.9m, with revenue outside the UK contributing 74% to the total, up from 45% in 2017.

Learning Technologies declared a full year dividend up 0.5p per share, up 67% on-year.

'We have made a good start to the year, which supports our confidence in further progress during 2019, and achieving our new strategic goal of run-rate revenues of £200m and run-rate Ebit of at least £55m by the end of 2021,' chief executive Jonathan Satchell said.

'This is supported by robust underlying performance, a strong balance sheet, and a healthy pipeline of attractive acquisition opportunities.'


At 1:53pm: [LON:LTG] Learning Technologies Group share price was +7.7p at 75.9p



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