Cathay Media and Education Group Inc. (HK:1981) has released an update.
Cathay Group Holdings Inc. reports a significant turnaround with a 27.8% increase in gross profit and a remarkable shift from a loss to a profit for the first half of 2024. The company, previously known as Cathay Media and Education Group Inc., has rebranded to better align with its business strategy and growth plans in higher education and entertainment sectors in China. This rebranding coincides with the impressive growth of their university, which leads in media and arts education, and an 8.9% year-on-year growth in student numbers excluding Olympic College undergraduates.
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