Edvantage Group (0382.HK) Announced Fourth Consecutive Positive Profit Alert Since Listing
The adjusted net profit for FY2021H1 is being expected to increase by no less than 30% YoY
HONG KONG, Mar 08, 2021 - (ACN Newswire) - Edvantage Group Holdings Limited ( Edvantage Group or the Group , stock code: 0382.HK), the largest private higher education group in Guangdong-Hong Kong-Macau Greater Bay Area (the Greater Bay Area ), is pleased to announce a positive profit alert for its interim results of the financial year 2021, expecting its adjusted net profit for the 6 months ended 28 February 2021 (the Period under Review ) to increase by no less than 30%, compared to the same period last year. This is the Group s fourth consecutive positive alert since its listing. The expected significant increase in profit is mainly attributable to (i) the increase in the number of student enrolments and average tuition fees of students of Guangzhou Huashang College ( Huashang College ) (forme
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