Kip McGrath Reports Revenue Growth Amid Profit Dip

Kip McGrath Education Centres Limited (AU:KME) has released an update.

Kip McGrath Education Centres Limited reports a 21% increase in revenue, reaching $32,431,000 for the fiscal year ended June 2024, despite a decrease in EBITDA by 2.7% and a notable 31.5% drop in after-tax profits to $1,317,000. The company attributes its revenue growth to strategic technology investments and expanded global reach, while staying responsive to the cost-of-living challenges in the post-COVID landscape. A final dividend of 1.5 cents per share was paid, with a new Dividend Reinvestment Plan introduced for shareholders.

For further insights into AU:KME stock, check out TipRanks’ Stock Analysis page.