Education provider, Navitas Ltd’s
(ASX:NVT) net profit for FY16 has increased by 25% to $90.1 million, compared to the previous year.
The company says this result was in line with guidance, and was achieved despite a number of colleges closing, and a fall in student numbers.
The company has also declared a fully franked final dividend of 9.9 cents per share, which takes its full year dividend to 19.5 cents per share.
Navitas also announced its chairman, Harvey Collins, will retire at the AGM in November, and will be replaced by Tracey Horton, who is currently the company director.
