Raffles Edu Q1 profit up 22% as exchange rates make mark

Singapore

RAFFLES Education Corp's net profit for the first quarter ended Sept 30, 2015, rose 22 per cent to S$867,000, with foreign exchange affecting its numbers in several areas, the private education provider announced on Wednesday. Earning per share was 0.09 Singapore cent.

Raffles Education shares are suspended pending an application by Chew Hua Seng, the company's chairman, chief executive and substantial shareholder, with the Securities Industry Council.