E-learning specialist Learning Technologies PLC (LON:LTG) saw a strong first half with the benefits of a huge contract with the Civil Service yet to come through.
Helped by the acquisitions of Rustici and Watershed last year, sales rose by 52% to £12.8mln and underlying earnings by 145% to £3.2mln.
Margins improved by 10 percentage points said Andrew Brode, chairman, with Rustici already performing better than expected.
First revenues from the Civil Service contract are due to come through by the end of the year, he added, and pick up strongly through 2017.
The interim dividend rises by 40% to 0.07p to follow a 50% increase last year.