Aug 1 (Reuters) - Australia's biggest listed private educator Navitas Ltd (NVT) posted a 10.8 percent fall in full-year profit on Tuesday hit by the closure of two colleges, missing market expectations and sending its shares sliding.
The company's net profit for the year ended June 30 fell to A$80.3 million ($64.4 million) compared with A$90.1 million a year ago. That was below a forecast A$84.6 million, according to nine analysts polled by Thomson Reuters I/B/E/S.
Shares fell as much as 14.2 percent to a six-week low of A$4.26, while the broader benchmark ASX/S&P 200 index (xjo) rose 0.5 percent.
($1 = 1.2475 Australian dollars)
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