AdvTech cuts debt and grows enrolments amid Covid-19
The group said its strategy of retaining staff and not cutting salaries paid off in its six months to end-June
31 August 2020 - 09:43
Private education group AdvTech says its strategy of retaining staff and not cutting salaries paid off in its half year to end-June, when it managed to cut debt and grow enrolments.
The group said that staff remained motivated and quality education was maintained. The group report a 13% rise in group revenue to R2.8bn for its six months to end-June. AdvTech estimated it lost R88m due to Covid-19 as students withdrew...
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