Navitas Limited (ASX:NVT) has reported a 31 per cent fall in full year profit but a 20 per cent rise in revenue and forecast earnings growth in the year ahead.
The global education services provider booked a net profit of $51.6 million in fiscal 2014 on the back of write downs largely from its university programs division.
Looking ahead Navitas expects EBITDA to grow to between $162 million and $172 million in the current 2015 fiscal year from almost $145 million in fiscal 2014.
A final dividend of 10.1 cents per security has been declared, taking the full year payout in-line with last year’s at 19.5 cents per share.
