AdvTech grows profits as private schools remain in demand
Private school owner says increase is due to enrolment growth, improvement in up-to-date school fees and focus on efficiency
28 March 2022 - 11:49
UPDATED 28 March 2022 - 18:54
AdvTech, owner of private school brands Trinityhouse, Crawford College and Pinnacle, increased profits in 2021 thanks to higher enrolments, even as it chose not to raise school fees.
The private education provider, whose tertiary brands include Rosebank College, Capsicum Culinary Studio and Varsity College, said on Monday that group revenue grew 8% to R5.9bn, with operating profit increasing 22% to R1.1bn. In a nod to consumer weakness, it only increased tertiary fees below inflation. ..
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