Global education provider, Navitas Ltd
(ASX:NVT) has reported its fifth consecutive quarter of revenue growth to post a net profit of $27.5 million, up 45% on the previous corresponding period.
The company says its now expecting full year EBITDA of between $94-$97 million, against last year’s $77.1 million.
CEO, Rod Jones says one of the most significant milestones for the company is the execution of three new College agreements in the United States with plans for up to ten more colleges in the UK, US, Australia and Canada. Navitas reported a profit of $49.19 million dollars for fiscal 2009.
