School sales make up 60% of Viglen business
Must start calling it Learning Technology
Learning Technology, the system builder formerly known as Viglen, has reported 59 per cent of its sales now come from the education market.
To reflect the importance of education business to the company, it is now shifting its financial reporting period to tie in with the academic year. So, for the fifteen months to September 2001, revenues from its education business were £61.6 million, and this included two summer holidays which is a slack time for school sales.
Learning Technology's total sales for the 15 month period were £105.2 million, operating profit was £2.4 million, and profit before tax was £2.6 million. It reported losses of £558,000 for the period, half of which were down to investments in online businesses IntY and AtSchool.
For the 12 months from June 1999 to June 2000 the company reported sales of £87.0 million, with operating profits of £3.0 million and pre tax profits of £3.7 million.
In the corporate and public sectors the company is pushing SANs, and hopes it'll pick up business through being one of six suppliers listed in the government's procurement catalogue. ®