Australia's NextEd hits 2-month high on raising EBITDA view

Nexted

31/01/2023 01:04

** Shares of vocational training provider NextEd Group
 NXD.AX  rise as much as 5.8% to A$1.28, their highest level
since Nov. 29
    ** Expects H1 EBITDA of A$6.4 million ($4.51 million) to
A$6.7 million, a range with a midpoint higher than the previous
A$5.5 million to A$6.5 million range 
    ** Revenue for H1 expected between A$43.4 million and A$43.7
million, narrowed from the prior guidance of A$43.0 million to
A$44.0 million 
    ** Says December quarter new international student
enrolments into English language and vocational courses up 350% 
    ** Stock records best intraday gain since Dec. 5, 2022
    ** Trading volumes near thrice the 30-day average as nearly
700,000 shares have been traded so far
    ** YTD, NXD up 6.1% as of last close 
($1 = 1.4194 Australian dollars)
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))