INTERIM RESULTS ANNOUNCEMENT38863Nord Anglia Education PLC
Interim Results for the six months to 28 February 2006
Nord Anglia Education is a leading provider of education, training and childcare with three distinct operating divisions – International Schools, Nurseries and Learning Services
HIGHLIGHTS
- Significant progress in International Schools and Learning Services Divisions
- Initiatives under way to improve occupancy levels in Nurseries Division
- Operating profit from continuing operations (excluding exceptional items) up 7% at £2.5m (2005: £2.4m).
- Profit before taxation (excluding exceptional items) rose by 31% to £0.9m (2005: £0.7m).
- Earnings per share, adjusted for exceptional items, increased by 7.6% to 1.69p (2005: 1.57p).
- Group well placed to benefit from strong growth in demand, particularly in Asia, for British education
- Banking facilities revised
Alan Kelsey, Chairman of Nord Anglia, comments:
"Overall we expect Group performance for the current year to be broadly in line with market expectations, with strong performances from the International Schools and Learning Services Divisions and an anticipated improvement in the second half-year from the Nursery Division. Further ahead, we anticipate substantial progress from the Group, which will be achieved without dependence on major improvements in the nurseries."
26 May 2006
ENQUIRIES:
Nord Anglia Education plc 01283 496583
Andrew Fitzmaurice, Chief Executive
Stephen Hyde, Finance Director
College Hill 020 7457 2020
Gareth David
Anthony Parker
View the full Interim Results Announcement
View the Interim Results presentation
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