nice volume increase ready for lift off

iTrain drops into H1 loss, cautiously optmistic on FY - AFX

LONDON (AFX) - iTrain PLC said it is cautiously optimistic about the full year after it reported a pretax loss for the first half of 2006 of 268,787 stg, down from a profit of 33,494 stg.

The IT training services provider saw turnover fall to 645,741 stg in the half-year from 947,655.

Chairman Derek Moore said there has been considerable structural change within the group and this work continues. He said much has been achieved in changing sales and production methods and the board is pleased with the results thus far.

Going forward, he said the board is focusing more strongly on the product training market, which is relatively immature for e-learning.

'Despite the setbacks earlier this year, because of the reforms introduced and a clear strategic direction we are cautiously optimistic for the rest of this year. With a greater visibility of revenues from new contracts, we are also

positive for 2007.'

It's always been jam tomorrow this one but they always disappoint !