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Dipping enrolment numbers leaves Overseas Education reeling as revenues drop
Increasing school fees isn’t helping.
With fewer expats relocating their family to Singapore due to the different employment environment, the academic solutions firm has been seeing a dip in its earnings.
According to analysts from UOB Kay Hian, the shrinking international student pool has led to a drop in total revenue despite an increase in school fees.
“Accordingly, we saw the school reporting a 66.9% yoy slump in 3Q15 earnings from S$5.3m to S$1.8m,” UOB Kay Hian said.
Meanwhile, analysts say the challenging environment is here to stay, as earnings weakness are predicted to persist until 2H16.
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