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Nido Education Limited ( (AU:NDO) ) has issued an update.
Nido Education Limited reported a significant financial turnaround for the year ended December 2024, with a 75.2% increase in revenue from ordinary activities, reaching $163.6 million. The company achieved a net profit of $14.7 million, a substantial improvement from the previous year’s loss of $18.1 million. A final dividend of 5.8 cents per share was declared, partially franked at 30%, to be paid on March 28, 2025. This financial performance highlights Nido’s strengthening position in the early childhood education sector, potentially benefiting shareholders and enhancing its market presence.
More about Nido Education Limited
Nido Education Limited, founded in 2021, is a national owner, operator, and manager of long day early childhood education and care services, operating under the Nido Early School brand.
YTD Price Performance: 2.63%
Average Trading Volume: 105,554
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$177.9M
For a thorough assessment of NDO stock, go to TipRanks’ Stock Analysis page.