(Adds background and details of results)
Aug 1 (Reuters) - Navitas Ltd (NVT), Australia's biggest listed private educator, said on Tuesday full-year profit fell nearly 11 percent, missing expectations, hit by the closure of two colleges and a fall in enrolments in the UK and United States.
Shares in Navitas slumped more than 14 percent in Sydney. The company said enrolments fell in the United States due to uncertainty around President Donald Trump's immigration policy, while the UK was hit by unfavourable currency movements. Australian income was hurt as two flagship colleges shut down.
Perth-based Navitas mainly focuses on operating English and pre-university courses for foreign students and migrants.
Net profit for the year ended June 30 fell to A$80.3 million ($64.4 million) from A$90.1 million a year ago. That was below a forecast of A$84.6 million, according to nine analysts polled by Thomson Reuters I/B/E/S.
Trump had ordered a temporary ban on migrants from six Muslim-majority countries in January on national security grounds. Sterling is still trading 13 percent below its pre-Brexit value in dollars.
Navitas had downgraded its earnings forecast in March, when it said it expected to win fewer Australian government contracts in its migrant-language division, erasing up to A$14 million of earnings.
Shares fell as much as 14.2 percent to a seven-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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