Tuesday, March 8, 2011

SEGi expects 5pct earnings growth from tie-ups with 2 China academies

KUALA LUMPUR: SEG INTERNATIONAL BHD [] expects earnings growth of about 5% for the current financial year ending Dec 31, 2011 from its proposed collaboration with two China academies.

SEGi said on Tuesday, March 8, said the collaboration with Xinjiang Language Centre and Linyi Normal University were expected to contribute positively to''the''earnings and net assets of the group for the future years.

'The academic collaborations are expected to contribute an increase in earnings of approximately 5% to the group for FY ending Dec 31, 2011,' it said.

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