{"id":696,"date":"2016-09-06T10:42:35","date_gmt":"2016-09-06T09:42:35","guid":{"rendered":"https:\/\/ltgplc.wpengine.com\/?p=696"},"modified":"2018-09-24T09:44:24","modified_gmt":"2018-09-24T08:44:24","slug":"interim-results-2016","status":"publish","type":"post","link":"https:\/\/ltgplc.com\/news\/interim-results-2016\/","title":{"rendered":"Interim Results 2016"},"content":{"rendered":"
Learning Technologies Group plc, the global integrated e-learning technology and services business, is pleased to announce interim results for the six months ended 30 June 2016, which demonstrate substantial profit and earnings growth in line with the Board\u2019s expectations.<\/p>\n
Financial highlights:<\/strong><\/p>\n Operational highlights:<\/strong><\/p>\n Andrew Brode, Chairman of LTG, said:<\/strong> *Adjusted EBITDA excludes the amortisation of acquisition-related intangibles assets, the amortisation of internal capitalised development costs, depreciation, share of losses on associates, acquisition earnout charges, share based payment charges and other exceptional items.<\/p>\n\n
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\n\u201cThe Group continues to make strong progress in its strategic ambition to build a diversified international business with revenues of \u00a350 million. The acquisition of Rustici and investment in Watershed bring exciting new capabilities to the Group, which will enable us to take learning to the heart of the business strategy at Board level. Our ability to deliver a truly blended learning experience to large organisations has been confirmed by the CSL project win with our partner KPMG. We will continue to capitalise on our existing strengths to deliver further profitable organic growth, whilst seeking new acquisition opportunities to extend the Group\u2019s reach and scale.\u201d<\/em><\/p>\n