Australia's Edu Holdings rises to three-week high on upbeat half-year outlook
27/07/2026 06:44
BUZZ-Australia's Edu Holdings rises to three-week high on upbeat half-year outlook ** Shares of Edu Holdings EDU.AX advance as much as 14.7% to A$1.135, hitting their highest level since July 6
** EDU stock down 3.3% so far this month, misses avg 5-year July gains of 1.5%
** The education institute owner expects half-year profit before tax to be A$12.5-13.5 million ($8.75-$9.45 million), up from A$8.3 million last year
** Also expects first-half revenue of A$52.5 million to A$54.5 million, implying ~48% growth at the midpoint versus last year
** Expectations on the back of higher international student demand and strong growth in domestic student commencements across courses at its key institute
** Stock up ~26%, YTD
($1 = 1.4292 Australian dollars)
(Reporting by Subhalakshmi Dey in Bengaluru)
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Brief: EDU Holdings Posts Half-Year Net Profit After Tax Of A$9.3 Million