Brief: Kip Mcgrath Education Centres Expects FY Revenue To Rise 5% To $17 Million

Kip McGrath Education Centres

19/08/2020 09:12

Aug 19 (Reuters) - Kip McGrath Education Centres Ltd
 KME.AX :
    * EXPECTS REVENUE FOR FULL YEAR TO BE UP 5% TO $17 MILLION
    * CO-FOUNDER KIP MCGRATH COMPLETED A SALE OF 2 MILLION
SHARES IN
CO TO INSTITUTIONAL INVESTORS
    * MCGRATH CONTINUES TO HOLD JUST UNDER 9 MILLION SHARES
    * EXPECTS NET PROFIT AFTER TAX FOR FULL YEAR TO BE 40% LOWER
AT
$1.5 MILLION
    * MCGRATH HAS NO INTENTION TO SELL ANY FURTHER SHARES IN CO
IN
IMMEDIATE FUTURE

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 (Reuters.Briefs@thomsonreuters.com)