ReutersAfrica2.png Curro first-half profit jumps 51% on acquisitions and demand Zimasa Mpemnyama, Reuters, Johannesburg, 16 Aug 2016 South Africa's biggest private education firm Curro Holdings reported a 51 percent surge in half-year profit on Tuesday, helped by acquisitions and growing demand for private education. Headline earnings, the main profit gauge used in South Africa that strips out some one-off items, increased to 22.0 cents per share in the six months to the end of June from 14.5 cents per share a year earlier. Founded in 1998, Curro has been growing at a lightning-fast rate as parents frustrated with under-resourced, over-crowded state run schools splash out on private education. Shares in the company, which have soared 15-fold since going public in 2011, slipped 0.9 percent to 42.29 rand at 0846 GMT. Curro said in a statement the results were boosted by acquisitions that included Namibia-based Windhoek Gymnasium, which gave the company 1,500 students. The company, which runs 47 campuses, is constructing nine more that could completed this financial year as part of stated goal to run 80 campuses by 2020 (Editing by Tiisetso Motsoeneng and David Clarke) From: <http://af.reuters.com/article/southAfricaNews/idAFL8N1AX1G6> http://af.reuters.com/article/southAfricaNews/idAFL8N1AX1G6 __________ Information from ESET NOD32 Antivirus, version of virus signature database 13968 (20160816) __________ The message was checked by ESET NOD32 Antivirus. http://www.eset.com -- -- You are subscribed. This footer can help you. Please POST your comments to [email protected] or reply to this message. You can visit the group WEB SITE at http://groups.google.com/group/yclsa-eom-forum for different delivery options, pages, files and membership. To UNSUBSCRIBE, please email [email protected] . You don't have to put anything in the "Subject:" field. You don't have to put anything in the message part. All you have to do is to send an e-mail to this address (repeat): [email protected] . --- You received this message because you are subscribed to the Google Groups "YCLSA Discussion Forum" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send an email to [email protected]. Visit this group at https://groups.google.com/group/yclsa-eom-forum. To view this discussion on the web, visit https://groups.google.com/d/msgid/yclsa-eom-forum/001e01d1f7b1%2409babc80%241d303580%24%40com. For more options, visit https://groups.google.com/d/optout.
