March 21 (Reuters) - Navitas Ltd (NVT) : SAE EDUCATION LTD WINS...

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    March 21 (Reuters) - Navitas Ltd (NVT) :

    • SAE EDUCATION LTD WINS APPEAL IN SUPREME COURT IN RELATION TO UK VAT
    • WILL RECORD A ONE OFF CONTRIBUTION TO FY19 PROFITS AFTER TAX OF ABOUT $5M FOR VAT EXPENSED IN PREVIOUS FINANCIAL YEARS
    • SUPREME COURT UPHELD FIRST TIER TRIBUNAL'S FINDING THAT SAE UK WAS ENTITLED TO VAT EXEMPTION ON AND FROM MAY 2009

    Source text: (http//bit.ly/2U0bWFY)

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