Private higher education provider Stadio Holdings expects to report higher earnings for the year to end-December.
Headline earnings per share (HEPS) are expected to be between 30.2c and 32.6c, a 23.3%-33.1% increase from the previous year. The company did not indicate the reasons for the expected rise in its trading statement on Wednesday.
In October, black-controlled and managed investment company Brimstone disposed of its entire shareholding in Stadio, marking a significant transaction in the company's history.
Stadio, which was unbundled from Curro and listed on the JSE in October 2017, owns three main higher education institutions: Stadio Higher Education, Milpark Education and Afda. Stadio Higher Education offers qualifications across various disciplines, Milpark Education specialises in online distance learning and Afda focuses on creative arts programmes.
The company, which has a market capitalisation of just over R6bn, will release its results on March 24.
Its shares were down 2.07% at R7.10 just before 11am on the JSE.
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