Half Year 2024 Stadio Holdings Ltd Earnings Call Transcript
Key Points
- Stadio Holdings Ltd (JSE:SDO) reported a 16% increase in revenue, reaching ZAR826 million.
- Student numbers grew by 10% to 47,024, indicating strong demand for their educational offerings.
- Profit after tax increased by 14% to ZAR144 million, showcasing solid financial performance.
- Earnings per share rose by 20% to ZAR0.163, reflecting improved profitability.
- The company has a strong balance sheet with no external debt, providing financial stability.
- EBITDA margins remained flat at 29%, indicating no improvement in operational efficiency.
- The loss allowance increased slightly, suggesting challenges in debt collection.
- Operational costs grew by 16%, which is in line with revenue growth but indicates high expenditure.
- The company faces tough economic conditions, which could impact future performance.
- There is uncertainty in the accreditation process for new programs, which could delay growth initiatives.
(video playing) Thanks, Chris, over to you.
Here we go. Thank you. Thank you, [Matt]. Good morning, ladies and gentlemen, and welcome to STADIO Holdings interim results presentation for the six months ended June 30, 2024. With me this morning to do our presentation is our Group CFO, Ishak Kula. I will start off the presentation by giving a very brief reflection on the year to date. Thereafter, I will hand over to Ishak, who will unpack our interim financial results in more detail. Thereafter, I will come back and give a short growth overview for the last four years at STADIO as well as talking to a few strategic items. And then at the end, we will open the session for questions and answers.
I don't see the slide show moving. While we try to sort out the slideshow, I will continue. And just to refresh everybody, STADIO Holdings, our purpose, again, is to empower the nation by widening access to quality higher education. We do this through our
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