China Maple Leaf Educational Systems posts 281m yuan interim profit

Business | 26 Apr 2019 12:29 pm

China Maple Leaf Educational Systems (1371) reported interim profit of 281.2 million yuan, up by 18 percent from 238.3 million yuan for the six months ended February 28, 2018.

Revenue icreased by 112.6 million yuan, or 17.8 percent, from 631.8 million yuan for the six months ended February 28, 2018 to 744.4 million yuan.

Revenue is mainly generated from tuition fees for high schools, middle schools, elementary schools, preschools and foreign national schools, the sale and lease of textbooks and other educational materials to students, fees from our summer and winter camps, other educational services and revenue from the self-operated supermarkets in school campuses.

The increase was mainly the reuslt of higher revenue from tuition fees, which increased by 95.3 million yuan and the increase in revenue from others by 17.3 million yuan, the company said.

The group is one of the leading international school operators in China in terms of student enrolment.

The company declared an interim dividend of 4.7 HK cents per share.

 

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