Navitas Limited
(ASX:NVT) has reported a full year net profit of $77.4 million, representing a 20 per cent improvement from the year before.
The education provider has attributed an increase in student demand for what it describes as strong results, in-line with its expectations.
In the twelve months to June 30 revenue rose 15.6 per cent and EBITDA grew 25 per cent from the year before.
CEO Rod Jones has cautioned that the company is facing headwinds in several markets, but says Navitas will continue to expand in new and existing markets where value can be added.
Navitas has declared a fully franked full year dividend of 20.7 cents per share, up 10 per cent from the year before.
In the first half of its 2011 financial year, Navitas recorded an 18 per cent improvement in net profit, coming in at $32.2 million.
