Source - Alliance News

Skillcast Group PLC on Thursday reported robust revenue growth in a year defined by economic uncertainty.

The London-based e-learning software and content company widened its pretax loss in 2023 to £647,963 from £556,027 the year before.

Skillcast reported revenue growth of 15% to £11.3 million from £9.8 million.

The board has proposed to match the previous year’s final dividend of 0.279 pence per share and announced it will reconsider its progressive dividend policy once the company returns to sustainable profitability.

Chief Executive Officer Vivek Dodd said: ‘This performance is underpinned by our improvements across our content and technology product range, scalable technology infrastructure, and highly responsive customer service, which received a Platinum Service Award based on customer ratings for the fourth consecutive year.’

Looking ahead, Skillcast is confident it will see a return to profitability and said it entered the new year in a good financial and operational position with high retention rates and increased levels of potential customer enquiries.

Skillcast shares were down 3.5% to 37.15 pence each in London on Thursday morning.

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Skillcast Group PLC (SKL)

0p (0.00%)
delayed 15:57PM