News blog
AEC Education
- BY: Andrew Hore |
- POSTED: 26/09/2010 |
- COMMENTS: Add yours
Asia-focused educational courses provider AEC Education increased first half revenues by 169% to £8.64m thanks to a full six month contribution from London-based language course provider Malvern House.
There was a decline in profit from £403,000 to £346,000 in the six months to June 2010. The early part of the year was hit by the UK Border Agency’s review of its policy on student visas. That cost the business around £250,000 in lost profit.
AEC is linking with a number of UK universities in order to offer their courses and qualifications in Asia.
At 17.5p a share, AEC is valued at £7.51m.
House broker WH Ireland forecasts an increase in full year profit from £1.22m to £1.42m. The shares are trading on less than eight times prospective 2010 earnings.
Net cash was £2.41m at the end of June 2010.
This puts AEC in a strong position to make further acquisitions. AEC looked at UK acquisitions but these were too highly priced. The main strategy is to acquire in Asia but South America is another growth area.
© 2007 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- 2.4mNumber of messages posted on SocialGo networks
- $38mCost savings generated by ideas from WalMart staff over a two month period
- 19.4m
Number of people passing through Johannesburg Airport in 2007
- News Blog
- All micro news
Sanderson Group
Enterprise software provider Sanderson Group is continuing to benefit from growth in multi-channel retailing.
Resources In Insurance Group
Claims management services provider Resources In Insurance Group has slashed its loss in 2011.
atUK
e-commerce services provider @UK has gained a four year national e-commerce framework agreement for all UK public bodies.
Hydrogen Group
Recruitment firm Hydrogen Group says that net fee income for the first four months of 2012 was higher than the same period last year.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|