Advtech reaps rewards of tertiary assets
The education group’s investment in higher education boosts half-year earnings growth
Education group Advtech is keeping the promises it made to stave off a takeover attempt from competitor Curro two years ago, with the group’s decision to invest more aggressively in tertiary education paying off. The group has also rolled out various Advtech degrees that are accredited with the British accreditation council and are attracting students. Chris Segar, an investment manager at Ivy Asset Management, said the trading statement was pleasing. "Since Curro tried to take over Advtech, management at Advtech has gained impetus. We are pleased at the growth in normalised earnings per share. "Also, the group’s tertiary education business’s operating margin is growing well in a difficult cycle," Segar said. A roll-out of distance learning at some of its institutions was also a catalyst for growth. Advtech said in the statement its normalised earnings per share for the half-year ended June 2017 would be 20% to 25% higher than for the comparative reporting period in 2016. Earnings p...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.