KUALA LUMPUR: SEG INTERNATIONAL BHD [] net profit for the first quarter ended March 31, 2011 surged 90.5% to RM18.12 million from RM9.51 million a year earlier due to the increase in student enrolments at its institutions.
Revenue for the quarter rose to RM68.47 million from RM52.29 million in 2010. Earnings per share was 7.35 sen, while net assets per share was 77.2 sen.
SEGi said on Thursday, April 28 that it recorded marked improvement in student numbers and profitability in the previous year and the current quarter.
'This trend is expected to continue in 2011 and the foreseeable future as the group has put in place a firm foundation and strategy for sustainable growth.
'Quality niche academic programmes will be introduced continually by the group backed by a strong management and academic team,' it said.
Revenue for the quarter rose to RM68.47 million from RM52.29 million in 2010. Earnings per share was 7.35 sen, while net assets per share was 77.2 sen.
SEGi said on Thursday, April 28 that it recorded marked improvement in student numbers and profitability in the previous year and the current quarter.
'This trend is expected to continue in 2011 and the foreseeable future as the group has put in place a firm foundation and strategy for sustainable growth.
'Quality niche academic programmes will be introduced continually by the group backed by a strong management and academic team,' it said.
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