SINGAPORE (Nov 12): MindChamps on Thursday announced 3Q18 earnings increased by 13% to $1.12 million, compared to $0.99 million in 3Q17, bringing 9M18 earnings to 2.72 million, 15% higher than the year before.

Revenue for the quarter was 74% higher at $9.17 million from $5.27 million a year ago, due to a decrease in non-recurring franchise income; an increase in school fees, resulted from the increased number of enrolled students following the acquisitions of preschool centres in Australia and Singapore; and an increase in royalty income, from the addition of franchisee-owned franchisee-operated centres.

Other income more than tripled to $1.04 million from $0.30 million last year.

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