Private tertiary education specialist Stadio Holdings is confident of meeting its target of R41m in taxed profit in the 2018 financial year after reporting a 16% growth in student numbers after a series of acquisitions late in 2017. Stadio was unbundled from fast-growing private schools group Curro in October and listed on the JSE. In the year to end-December numbers released on Friday, Stadio CEO Chris van der Merwe disclosed that student numbers were close to 13,000. Stadio accommodates the students at the Embury Institute for Higher Education, South African School of Motion Picture Medium and Live Performance and Southern Business School (SBS). Collectively, these brands offer 28 accredited programmes on nine campuses. Van der Merwe said another 20 formal programmes were being developed and accredited. But Stadio — which raised R840m at listing — fell short of top-line forecasts. The company generated revenue of R123m (R125m if "other income" was included) and ebitda (earnings be...
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.