Intueri Education Group
(ASX:IQE) says that the Tertiary Education Committee, responsible for funding of tertiary education in New Zealand will be undertaking reviews on two of Intueri’s schools.
The committee will look closely at Quantam Education Group and the New Zealand School of Outdoor Studies (known as the Dive School) to focus on legacy issues.
Intueri says that the potential impact on 2015 earnings is estimated between $4-5million New Zealand dollars and discussions of funding between schools within the Intueri Group are on hold until the completion of the reviews.
Intueri reported a net profit of $5.36 million for the 2015 financial year.
