Business 7.3.2017 03:45 pm

Advtech expecting annual earnings increase of up to 42%

Picture: Thinkstock

Picture: Thinkstock

Advtech said a settlement of a litigation matter disclosed in the company’s 2015 Integrated Annual Report contributed to the increase.

Advtech said on Tuesday it expected a 37-42% increase in headline earnings per share (HEPS) for the year ended December 31, 2016, compared to the previous year.

A statement from the fast-growing private education group said HEPS were expected to come in at between 69.9 and 72.4 cents per share as compared to 51.0 cents per share for the comparative period.

Advtech said a settlement of a litigation matter disclosed in the company’s 2015 Integrated Annual Report contributed to the increase.

Advtech is the holding company of the IIE, which — through its brands, including Vega School of Brand Leadership, Rosebank College, Varsity College and The Design School of Southern Africa — offers more than 90 qualifications, from higher certificates to postgraduate degrees.

The full results are expected on March 22.

– African News Agency

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