EDU Holdings Limited ( (AU:EDU) ) has provided an announcement.
EDU Holdings Limited reported a significant financial turnaround for FY24, with revenue nearly doubling to $42.3 million and a return to profitability with a net profit after tax of $2.6 million. The company’s growth was driven by strong enrolment increases and strategic expansion into the postgraduate market, notably through Ikon’s new accredited Masters programs. This expansion is expected to enhance EDU’s market positioning by offering comprehensive education pathways. The vocational education arm, ALG, also showed substantial improvement, contributing to the overall positive financial performance.
More about EDU Holdings Limited
EDU Holdings Limited operates in the education industry, focusing on both higher and vocational education through its subsidiaries Ikon Institute of Australia and Australian Learning Group (ALG). The company provides a range of educational programs, including undergraduate and postgraduate courses, with a strategic focus on expanding its offerings in the higher education sector.
YTD Price Performance: 40.0%
Average Trading Volume: 41,093
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$21.08M
Learn more about EDU stock on TipRanks’ Stock Analysis page.