Stadio Holdings has seen its number of distance and contact learners increase, with the group planning further expansion.
Stadio Holdings’ earnings have jumped as it prepares to start construction on a new tertiary campus in the Western Cape this year.
Earnings per share and Headline Earnings per share both increased by 20% to 16.3 cents per share and 16.2 cps , respectively. “The group utilised R100 million of their rolling credit facility to fund the acquisition of the additional shares in Milpark Education, resulting in additional finance costs for the period.”
This will increase the number of physical campuses to seven, with the group also having structures in Bellville, Musgrave, Randburg, Hatfield, and Waterfall. “We are encouraged by the positive growth in new students on our contact learning mode of delivery and excited about the growth opportunities evident in the distance learning mode of delivery,” said the group.
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