Navitas lifts EBITDA by 13%

Company News


Navitas Limited (ASX:NVT) says underlying EBITDA has grown by 13 per cent with earnings per share up by 39 per cent. 
 
Key achievements include new university agreements and renewed partnerships.
 
High progression rates in the University Programs division have also helped deliver the solid result.
 
The company has booked goodwill impairment charges of $10.5 million in the second half. 
 
A final dividend of 10.1 cents per share brings the fully-franked full year dividend to 19.5 cents per share matching that of 2014. 
 
Outlook for 2016 is for revenue to be broadly in line with the 2015 financial year.  

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