Learning Technologies Group PLC - London-based technology and services provider for digital learning and talent management - Posts lower pretax profit in its financial year ended December 31. Pretax profit at £9.3 million versus £13.5 million in 2020. However, revenue gets boost from an acquisition. In October 2021, Learning acquired services provider GP Strategies Corp for £284 million. The acquisition ‘significantly broadens scale, offering and cross-selling opportunities,’ Learning explains.

Revenue almost doubles to £258.2 million from £132.2 million, boosted by GP Strategies, which contributed £82.9 million in revenue from mid-October. Learning Technologies proposes a final dividend of 0.7 pence per share, compared to 0.5p for 2020.

‘Our transformational GP Strategies’ acquisition is progressing ahead of plan and enables us to upgrade our margin expectation for financial year 2022,’ says Chief Executive Jonathan Satchell.

Trading in the first quarter is in line with management expectations. The board is confident of significant progress in 2022, Satchell adds.

Current stock price: 137.60 pence, up 4.8% on Tuesday

12-month change: down 18%

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