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Overseas Education's FY20 earnings up by 13% to $10.3 mil; declares final dividend of 2.3 cents

Felicia Tan
Felicia Tan2/18/2021 07:26 PM GMT+08  • 2 min read
Overseas Education's FY20 earnings up by 13% to $10.3 mil; declares final dividend of 2.3 cents
Earnings per share (EPS) for the period stood at 2.5 cents on a fully diluted basis for the FY2020 from 1.9 cents the year before.
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Overseas Education Limited has posted earnings of $10.3 million, 13% higher y-o-y for the FY2020 ended December.

Revenue for the full-year fell 3.9% y-o-y to $79.1 million, on lower revenue across all segments save for other revenue.

The lower revenue was due to weaker student enrolment, which slowed down to a near standstill during the 2HFY2020 due to the pandemic, which caused global lockdowns and travel bans.

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