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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