ADvTECH Ltd 2023 IR
The report highlights ADvTECH's strong performance for the fiscal year 2023, driven by a 6% increase in total group enrolments to 93,728 students and a 13% increase in revenue to R7.86 billion. Operating profit rose by 18% to R1.58 billion, with improved operating margins across both schools and tertiary divisions. The group successfully expanded its resourcing division in the rest of Africa, which saw a 26% revenue increase. Additionally, ADvTECH continued its digital innovation with the rollout of the ADvLEARN platform to 13,500 students in South Africa.
Company: ADvTECH Ltd
Sector: Consumer Discretionary
Country: South Africa
Year: 2023
Type: IR
Pages: 100
ADvTECH Ltd
Annual Integrated Report
The report highlights ADvTECH's strong performance for the fiscal year 2023, driven by a 6% increase in total group enrolments to 93,728 students and a 13% increase in revenue to R7.86 billion. Operating profit rose by 18% to R1.58 billion, with improved operating margins across both schools and tertiary divisions. The group successfully expanded its resourcing division in the rest of Africa, which saw a 26% revenue increase. Additionally, ADvTECH continued its digital innovation with the rollout of the ADvLEARN platform to 13,500 students in South Africa.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Apr 30, 2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees