AdvTech to report earnings drop due to Covid-19 school disruptions
Private education group says disruptions caused by the pandemic lockdown have affected all of its divisions
20 August 2020 - 18:55
Private education group AdvTech expects a drop in earnings of up to 27% for the first half of 2020 driven by disruptions to schooling caused by Covid-19.
In a trading update on Thursday, the company said the ramifications of Covid-19 disruptions were felt by all of its divisions, but had its greatest effect on the earnings in the resourcing division in SA and schools in the rest of Africa, specifically Makini, due to the loss of the school year in Kenya...
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