Shares in private schools group Curro Holdings, which have been punished in recent months, responded positively on Monday to a solid trading update for the half-year to end-June. At market close Curro had raced up more than 6% to R31.39 in vibrant trading volumes. The shift, though, is off a low base with Curro shares touching a 12-month low of R27.50 in late June. The share price weakness was prompted by market concerns around student enrolment numbers, especially at its low-cost Meridian school offering. Curro indicated that headline earnings would come in between 32.3c a share and 34.2c a share. This would be an increase of between 20% and 27% compared with the headline earnings of 26.9c a share recorded in the six months to end-June 2017. Curro reminded shareholders that the upcoming interim results did not reflect the contribution from private tertiary education business Stadio, which was unbundled and separately listed in October 2017. Continued operations Curro’s continued op...

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