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(; OTC:LMDCF) the technology company focused on the education sector delivered record results in the second quarter of 2015.
Revenue more than doubled to C$1.79mln from C$877879 the year before while net profit soared to C$979103 from C$217633 in the second quarter of last year.
Earnings per share this time round quadrupled to four cents.
The provider of innovative online and print-based technologies and solutions said the engine of growth was the increase in revenue from digital learning which was an eye-popping 776% or thereabout year-on-year.
"In the quarter digital revenue as a percentage of total revenue was greater than print-based revenue for the first time in our operating history. This is a direct result of our enhanced sales and marketing effort which led to securing new sales contracts in Colombia Mexico Peru and other Latin American markets" said Michael Kraft president and chief executive officer of .
"The EdTech market for English language learning continues to present us with favourable sales growth opportunities in Latin America and globally” he added.
Kraft told investors to expect more of the same in the second half in terms of revenue and earnings growth.
"We look forward to providing our shareholders with updates as we continue to achieve sales and earnings’ milestones” Kraft declared.
has two distinct business units: ELL Technologies and Lingo Learning.
ELL Technologies is a global English language learning online training and assessment company while Lingo Learning is a print-based publisher of English language learning programs in China.
The shares up 268% in the year to date rose a further 14% to 40.5c.
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