Lower enrolment threatens Overseas Education as foreign students exit

It will only have 3,100 students in FY15.

Overseas Education Limited (OEL) will grapple with lower student numbers in FY15 on back of the withdrawal of foreign students,

A report by DBS said that OEL is losing students of all levels due to the relocation of more families away from Singapore.

DBS expects OEL’s FY15 enrolment to hover at about 3,100 students, or about 65% of total capacity. This number is also 13% lower than FY14’s enrolment of about 3,600 students.

The group's net profit slipped 4.9% to $5.2m in Q2. This was due to lower revenue on back of the decline in enrolment among junior students.

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