Australia's NextEd jumps on record student enrolments

Nexted

09/05/2023 01:40

** Shares of vocational training provider NextEd Group
 NXD.AX  rise as much as 6.3% to A$1.76, their biggest pct gain
since May 1
    ** Co posts record new international student enrolments into
its English language and vocational courses in March
    ** Forecasts 6,500 English language students by June-end,
underpinning strong revenue growth in H2 of fiscal 2023 and full
year 2024
    ** Says vocational international student outlook is positive
with May 2023 intake about 80% higher than March intake
    ** Co expects profit yield to strengthen due to increased
classroom utilisation following pandemic lows
    ** NXD up 45.2% this year as of last close


($1 = 1.4663 Australian dollars)

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.Mishra@thomsonreuters.com))