Tribal Group plc, a leading provider of technology products and services to the education, learning and training markets, provides the following update in advance of the preliminary announcement of its results for the year ended 31 December 2012, which will be released on 14 March 2013.
The trading performance of Tribal in the final quarter of 2012 was robust, as previously indicated in an announcement released on 20 December 2012, and the company continued to generate good cash flow. The international activities of Tribal have performed strongly, progress has been made with the major Student and Learning Management ("SALM") contract with the Department of Education and Communities of New South Wales, Australia.
Taking into account the Group's good progress with key contracts during 2012 and the early part of 2013, the Board now anticipates reporting revenue for the year ended 31 December 2012 in line with expectations, and adjusted profit before tax for the year ended 31 December 2012 of approximately £12.8m.
The Group say the current year has begun well and the Board anticipates further good progress in Tribal's performance in 2013.
Further details will be provided in the preliminary results announcement on 14 March 2013.
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