Australia Chengfeng higher Education (01752) announced results for the year ended June 30, 2023, income of A $26.848 million, an increase of 43.6% over the same period last year; profit attributable to owners of the company was A $1.113 million, compared with a loss of A $1.299 million in the same period last year; and basic profit per share was 0.046 Australian cents. It is proposed to pay a final dividend of HK0.1 per share.
The increase in earnings during the period was mainly due to an increase in the number of students enrolled by the Group compared with the same period in 2022. Tuition fees account for more than 93.3% of the group's income, while overseas service fees account for about 6.7% of the group's income.