News: NVT Australia's Navitas HY profit falls 14 pct

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    Feb 5 (Reuters) - Australian adult education provider Navitas Ltd (NVT) posted a 14 percent fall in its first half net profit, weighed down by reduced enrollments in the United States due to tighter immigration policies.

    The company said its net profit was A$21.4 million ($15.46 million)for the six-months ended Dec. 31, compared with a profit of A$24.7 million a year ago.

    ($1 = 1.3845 Australian dollars)

 
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