Leader Education Forecasts Drop in FY2024 Profit

MT Newswires Live

2024/11/22

Leader Education (HKG:1449) expects a post-tax net profit of between 18 million yuan and 20 million yuan for the year ended Aug. 31, down from 57.6 million yuan a year prior, a Friday Hong Kong bourse filing said.

The higher education services provider attributed the anticipated drop in profit mainly to higher finance costs amid a rise in bank and other borrowings.

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