Home Capital Results

Raffles Education Corporation reports 51% lower earnings of $18.3 mil in 2QFY2022

Felicia Tan
Felicia Tan2/12/2022 12:47 AM GMT+08  • 4 min read
Raffles Education Corporation reports 51% lower earnings of $18.3 mil in 2QFY2022
As at Dec 31, 2021, REC’s current liabilities have exceeded its current assets by $182.1 million and $114.7 million respectively.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Raffles Education Corporation (REC) has reported earnings of $18.3 million for the 2QFY2022 ended December, 51% down from earnings of $37.3 million in the same period a year ago.

This brings the company’s 1HFY2022 earnings to $8.7 million, down 76% y-o-y. In the 1QFY2022, REC reported a loss of $9.6 million on lower other operating income

2QFY2022 earnings per share (EPS) stood at 1.33 cents.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.