An e-learning firm specialising in the oil and gas sector has seen its profits fall by 66% despite an increase in “learning events” in the year.
Atlas Interactive, which recently won a seven-year extension on its contract to deliver a revised Minimum Industry Safety Training (Mist) online course, also saw its turnover fall 25% to £7million in the year to the end of September 2014.
Atlas said it capped a year of investment and growth in the international oil and gas marketplace with a “positive outlook ahead”.
The revenue decrease was said to be due to two large multi-year bespoke projects coming to aqn end in the first half of the year, and new product development projects taking longer to bring to the market than planned.
