Raffles Education Q2 profit up 20%

Performance achieved despite 5% revenue fall

RAFFLES Education Corporation yesterday said its net profit for the fiscal second quarter ended Dec 31, 2013, rose 20 per cent year-on-year to $5.84 million despite a 5 per cent slip in revenue to $31.63 million.

The slight dip in revenue is due to a decrease in student numbers resulting from the closure...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to