Private higher education group Stadio on Tuesday (30 August) reported strong growth in both earnings and student numbers for the six month period ended June 2022.<\/p>\n
Revenue increased 13% to R617 million, while student numbers increased 11%, from 34,494 to 38,348.<\/p>\n
Core headline earnings per share grew by 17% to 11.3 cents per share – due to the underlying organic growth in EBITDA, it said.<\/p>\n
Started as a subsidiary of Curro Holdings, Stadio was unbundled in 2017, and listed separately on the JSE. It currently owns three registered private higher education institutions:<\/p>\n
Stadio said that distance learning student numbers reflected good overall growth of 14% to 32,686, while strong demand for professional qualifications drove solid growth in registrations for the six months reporting period.<\/p>\n
The group currently has 87 programmes that are certificated, with an additional 31 programmes across both contact and distance learning modes of learning delivery in the process of development and\/or accreditation.<\/p>\n
During the period, it obtained certification for 5 new programmes, including programmes in Law, Accounting and Commerce, and received site extensions for various qualifications, “which will enable the group\u2019s growth strategy to be implemented”.<\/p>\n