UK Learning, Compliance Software Firm Reports Underlying Loss

Tom Burroughes

21 November 2008

Intellego, the UK-listed eLearning and compliance courseware business, reported an underlying loss of £50,602 in the six months to 30 September, more than halving the loss from £107,493 in the same period a year before, while revenues and gross profits surged.The firm said revenues rose to £1.11 million, up from £740,557 a year before. Gross profits rose by 60 per cent to £847,844. However, earnings before interest, taxation, depreciation and amortization showed a loss, the firm said in a statement.

During 2008, Intellego acquired and integrated two businesses, The Professional Development Partnership Limited and Zenosis, which is designed to strengthen the firm’s offerings in the financial services and pharmaceutical sectors.

"We have reviewed several other opportunities, but to date we have not been able to agree terms for their acquisition,” the firm said.