Gelonghui September 15?Australia's Chengfeng higher Education (01752.HK) announced that based on a preliminary review of the latest unaudited integrated management accounts for the year ended June 30, 2023, the Group expects to record a pre-tax profit of approximately A $1.8 million for the reporting period, turning from a pre-tax loss of about A $1.6 million to a profit for the corresponding period in 2022.
The Board is of the view that the turn from loss to profit is mainly attributable to the moderation of the novel coronavirus epidemic, the lifting of international entry restrictions in Australia, and the Group's increased choice and flexibility of courses, resulting in an increase in student enrollment and an increase in the Group's income.