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Business Description: Navitas Limited (NVT) is an education services provider operating in multiple cities around the world, providing educational services including university programs, language training, workforce education, and student recruitment.
Strategy Analysis: NVT embeds itself into partner universities who welcome the additional direct revenues NVT delivers, as well as the expansion of supply of high-margin foreign students into the universities´ own degree and diploma courses. Contracts with universities generally have a term of at least 5 years allowing NVT to become well established. The engagement of qualified academics at partner universities to develop course content underpins curriculum quality. In addition, the application of the universities´ moderation processes ensures academic standards equivalent to those at the university. NVT is leveraging its domestic success to expand offshore into other English speaking regions such as the UK, Canada and the US, which hold similar attraction to non-English speaking students.
Navitas reported NPAT down 0.8% to $35.07m for the half-year ended 31 December 2012. Revenues from ordinary activities were $355.4m, up 4.0% from the same period last year. Diluted EPS was 9.3 cents compared to 9.4 cents last year. Net operating cash flow was $37.74m compared to $19.53m last year. The interim dividend declared was 9.3 cents compared with 9.4 cents last year.
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The Age 23/05/2013 |
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The Age 23/05/2013 |
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