News: Navitas sees enrolements lift

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Navitas Limited (ASX:NVT) has reassured shareholders its growth prospects remain intact, despite a recent earnings downgrade.

 

Addressing the company's annual meeting, chief executive Rod Jones said while third-semester enrolment numbers for Navitas's local colleges were yet to be finalised, it’s tracking positively compared to the same period last year.

 

He says the acquired audio-visual college SAE was on target to improve its performance, with revenues improving following enrolment growth in key regions.

 

Navitas runs preparation courses for foreign students planning degree studies, as well as English language and vocational courses.

 

Navitas generated a net profit of $75 million in fiscal 2013.