Nido Education Limited (AU:NDO) has released an update.
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Nido Education Limited reported a solid first half with $73.7m in revenue and $7.5m EBITDA, and anticipates a 5.8c dividend per share in March 2025. Despite a recent drop in new enrolments due to economic pressures, the company maintains strong enquiry rates and is on track with its expansion, planning to open up to 20 new education centres annually by late 2025. However, construction delays have pushed some new centre openings to 2025, resulting in a lower than expected CY24 Profit before tax, now forecasted at $21.7m.
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