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MindChamps 2Q earnings double to $1.3 mil on higher revenue; to acquire 2 preschool centres in Sydney

Michelle Zhu
Michelle Zhu8/6/2018 9:55 PM GMT+08  • 2 min read
MindChamps 2Q earnings double to $1.3 mil on higher revenue; to acquire 2 preschool centres in Sydney
SINGAPORE (Aug 6): MindChamps Preschool saw a near doubling of 2Q earnings to $1.3 million from $0.7 million in 2Q17 on higher revenue.
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SINGAPORE (Aug 6): MindChamps Preschool saw a near doubling of 2Q earnings to $1.3 million from $0.7 million in 2Q17 on higher revenue.

This brings the company’s earnings for the 1H ended June to $1.6 million, up 16% from its 1H17 earnings of $1.4 million previously.

Revenue for 2Q surged 60% to $7.65 million from $4.8 million a year ago due to higher income after the acquisition of seven preschool centres in Australia and Singapore, as well as $0.5 million franchise income which came mainly from the sale of a master franchise license in China.

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