iCollege Ltd. (AU:NXD) has released an update.
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NextEd Group Limited reports an 11% increase in international student enrollments for the March 2024 quarter, with a strategic pivot from English language to in-demand vocational courses in healthcare and hospitality, despite a tightening immigration policy. The company has also managed to reduce costs, targeting annual savings of around $5 million, and has completed campus expansions with a cautious optimism for future growth under stricter Federal Government education policies.
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