IEL 0.40% $14.89 idp education limited

Ann: FY19 Investor Presentation, page-10

  1. 710 Posts.
    lightbulb Created with Sketch. 62
    The big drop is because there was essentially no growth in the 2nd half and there is no explanation/commentary i can see on that.
    If you consider that revenue for 6 months to Dec 18 was $304m then just keeping that pace we should have had revenue of $608m but it was $598m.
    Profit after tax was $40m for 6 months to Dec and $66m for FY ( $80m would have been keeping same pace).

    So compared to previous periods this is a very pronounced slow down out of nowhere.

    Awesome that directors were selling on market in May when this slow down would have been very apparent.
 
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