ADvTECH Ltd 2013 AR2
The report highlights ADVTECH Group's performance for the fiscal year ended December 31, 2013, showcasing a return to earnings growth with a 5% increase in revenue to R1.8 billion and an 11% increase in operating profit. The Schools division performed exceptionally well, contributing 71% of the Group's operating profit and achieving a 100% Matric pass rate. The Tertiary division successfully completed significant restructuring, resulting in a 49% increase in operating profit. Additionally, the company continued its commitment to community development, awarding 5,900 bursaries valued at R72 million, and advanced its technology-led education strategy through the implementation of a new learning management system.
Company: ADvTECH Ltd
Sector: Education
Country: South Africa
Year: 2013
Type: AR2
Pages: 84
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ADvTECH Ltd
Annual Report
The report highlights ADVTECH Group's performance for the fiscal year ended December 31, 2013, showcasing a return to earnings growth with a 5% increase in revenue to R1.8 billion and an 11% increase in operating profit. The Schools division performed exceptionally well, contributing 71% of the Group's operating profit and achieving a 100% Matric pass rate. The Tertiary division successfully completed significant restructuring, resulting in a 49% increase in operating profit. Additionally, the company continued its commitment to community development, awarding 5,900 bursaries valued at R72 million, and advanced its technology-led education strategy through the implementation of a new learning management system.
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Document Details
Report Year
2013
Reporting Period
Jan 1, 2013 - Dec 31, 2013
Fiscal Year
2013
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees