3P Learning posts revenue increase

Company News

3P Learning Limited (ASX:3PL) has reported a 24 per cent uptick in revenue to $22.9 million for the half year ended 31 December 2015.
 
Underlying EBITDA increased 16 per cent to $7.3 million, but underlying profit was down 10 per cent to $3.7 million.
 
3PL says the results were “pleasing” and the company added more than 250,000 new licenses in a seasonally quiet period for license sales.
 
It says prospects for the peak selling season in the second half are encouraging with record forward orders for Australia and New Zealand up 9 per cent. 
 
No interim dividend was declared by the company.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?