Stadio is gaining more traction in the tertiary education market. The acquisition of Prestige Academy, along with growth in student numbers, has helped boost the private education group’s interim earnings and, as a result, revenue grew 38%.
However, a dividend will not be paid as the group focuses on its expansion plans. The company said its various private education brands could be consolidated under the single Stadio Multiversity brand in 2020.
CEO Chris van der Merwe joined Business Day TV to talk about the group’s half-year perforrmance.
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