EDU Holdings Limited (AU:EDU) has released an update.
EDU Holdings Limited has seen a robust financial performance in the first half of 2024, with group revenue surging by 64% to $16.9 million and a significant turnaround to profitability, posting a net profit of $28k after a previous $1.6 million loss. The company’s subsidiaries, Ikon and ALG, contributed with marked revenue increases of 88% and 37%, respectively. However, future growth may be impacted by government-imposed caps on new overseas students starting from 2025, which could materially curtail enrolment growth.
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