iCollege Ltd. (AU:NXD) has released an update.
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NextEd Group Limited reported an 8.9% revenue increase to $111.4 million in FY24, yet faced challenges with a 10% drop in EBITDA and a significant decline in net profit after adjustments, alongside a $28.9 million impairment charge due to policy changes affecting international student numbers. The company also saw a reduction in operating cash flow and cash reserves, indicating a year of mixed financial outcomes.
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