Exposed to the headwinds of the pandemic, IDP Education has bounced back strongly reporting strong demand from international students.
IDP Education has bounced back strongly from two years of closed borders and limited flights to reinstate dividend payments after handling record student placements and more than doubling its adjusted net profit to $106.6 million for the year to June 30.
IDP declared a final dividend of 13.5¢ per share, for total dividends of 27¢ per share for the full year. The company paidThe company reported a 50 per cent increase in revenue to $793 million, and adjusted earnings before interest and tax of $163 million, up 127 per cent. Its shares were up 5 per cent at $28.14 by lunchtime, but are little changed over the past year.
“The UK probably benefitted from students who ultimately got frustrated with their inability to connect to Australia,” Mr Barkla said.
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