China Vocational Education (01756) issued an announcement. It is expected that the Group will achieve economic adjustments for the year ending August 31, 2023...
According to the Zhitong Finance App, China Vocational Education (01756) announced that the Group's adjusted net profit for the year ended August 31, 2023 is expected to increase by no less than 50% compared to the year ended August 31, 2022.
According to the announcement, this increase in adjusted net profit expectations is mainly due to the following factors: the increase in the number of students in the 2022/2023 academic year compared to the 2021/2022 academic year; and the average tuition fee for the 2022/2023 academic year compared to the 2021/2022 academic year.