Acquisition boosts Stadio’s first-half profits
Private education group bought Prestige Academy, which has campuses in the Western Cape and Gauteng, in 2018
Private education group Stadio says net profit jumped 47% to R52.2m in the six months to end-June partly thanks to the acquisition of another higher-education institution.
Stadio bought Prestige Academy, which has campuses in the Western Cape and Gauteng, in November 2018. That helped the group lift revenues 38% to R408.9m in the first half of 2019...