Diluted HEPS 173.0cps (+19.3% y-y).
Turnover increased by 12.9% y-y to R7 860m.
Expenses increased by 11.6% y-y while expense-to-sales decreased from 80.9% to 79.9%.
OPM increased by 100bps to 20.1%.
Dividend of 87.0cps.
Cash generated from operating activities up 9.3% y-y to R1 377m.
Enrolments for Advtech schools up 4.4% y-y to 41 010 enrolments as at February 2024. Enrolments for Advtech tertiary institutions up 6.8% y-y to 52 718 enrolments as at February 2024.
The group reduced electricity usage by 7% despite an increase in the number of students which had the effect of reducing the per capita usage by 12%.
Piloted solar solutions at five sites have been successful, confirming the viability of the solution. Plans are now underway for a rollout to 41 sites.
