Trading cheer from Xpertise

Companies: XPG   
02/07/2008

Leading IT training specialist Xpertise says first-half trading has continued to be ‘strong’, with revenues of more than £11.8 million.

That represents an 11 per cent increase – slower than the 40 per cent achieved last year but respectable in today’s changed environment. Cheshire-based Xpertise, which doubled pre-tax profits in 2007 to £646,000, says it has net cash of £3 million and remains ‘comfortable’ with market expectations for the current year.

The AIM-quoted company provides managed training services, authorised IT, professional and ‘soft skills’ training, and says its major existing customers have ‘contributed strongly’ to first-half revenue growth. Floated nine years ago at 25p, Xpertise shares reached 132.5p in October last year, but have lost ground since then.

At 83p, up 2.5p today, the shares value the company at £4.7 million,
    
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Robert Tyerman

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