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IEL - IDP Education News Story

A$23.8 -0.5  -2.1%

Last Trade - 16/04/21

Sector
Industrials
Size
Large Cap
Market Cap £3.72bn
Enterprise Value £3.64bn
Revenue £268.3m
Position in Universe 92nd / 1898

BUZZ-Australia's IDP Education hits record high as English language testing regains momentum

Wed 24th February, 2021 12:00am
** Shares of IDP Education Ltd  IEL.AX  rise as much as
15.7% to a record high of A$28.77
    ** International education services adviser says by
December-end, IELTS testing volumes were broadly in line with
pre-COVID levels (https://bit.ly/2NUSuJy)
    ** International English Language Testing System (IELTS) is
an English language proficiency test, jointly conducted by IDP
and British Council
    ** Says compared with H1 of FY21 to H2 of FY20, "encouraging
to see IDP's recovery is already underway"
    ** For 1H21, net profit after tax falls 49% y/y to A$29.7
mln ($23.50 mln), total revenue down 29% to A$269.1 mln
    ** Stock posts its biggest intraday pct gain since Nov. 10,
2020
    ** Biggest percentage gainer in the ASX 200 benchmark index
 .AXJO 
    ** Up 25.3% this year, as of last close, compared with a
3.8% increase in the ASX 200 benchmark index
($1 = 1.2641 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))
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