SEG International Bhd (SEGi) recorded a surge in net profit to RM10.8 million for its second quarter ended June 30, 2010 (2QFY10) from just RM302,000 a year earlier due to a rise in student enrollment, particularly for high-margin programmes.
Revenue rose 47% to RM52.57 million from RM35.68 million, while basic earnings per share (EPS) rose to 12.12 sen from 0.36 sen. No interim dividend was
declared.
For the six month period to June 30, net profit soared threefold to RM20.31 million from RM6.99 million a year earlier, while revenue rose 40% to RM104.87 million from RM74.73 million. EPS rose to 22.92 sen from 8.44 sen. Net assets per share stood at RM2.14 as at June 30, 2010.
SEGi said the group’s outlook for the year remained positive, while it continued to expand its business with new and niche academic programmes and quality education.
This article appeared in The Edge Financial Daily, August 19, 2010.
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