Overseas Education Limited’s earnings plunge 67% to $1.8m

Depreciation expense soared 205% to $2.7m.

According to RHB, Overseas Education Limited, a company that provides education in English for overseas families residing in Singapore, grappled with a thundering 67% YoY profit crash to $1.8m in Q3.

While increased utilities expenses were expected due to Overseas Education’s larger campus, the company’s depreciation expense soared out of the blue, rising 205% to $2.7m.

During the quarter, revenue from tuition fees also stumbled back to $22.5m despite raised tuition charges, reflecting a 5% YoY dip. Registration fees dropped 34% YoY as well.

RHB posits that weak student enrollment may continue well into FY16 because industries in Singapore with high expatriate ratios, such as oil & gas and finance, keep experiencing contractions. As it stands, 60% of students have dropped out as their families relocated.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia