Insatiable appetite for higher education boosts Curro spinoff Stadio's profits

Private tertiary education company Stadio reported headline earnings of R32 million for the six months to 30 June 2018.

That is up from R3 million for the same period last year.

Headline earnings per share came it at 3.5 cents from 0.8 cents a year before.

In the six months under review Stadio grew enrolment from 1112 students to 27 777.

Stadio hasn’t declared a dividend.

Stadio unbundled from Curro Holdings and listed on the JSE in October last year.

The Money Show’s Bruce Whitfield interviewed Stadio CEO Dr Chris van der Merwe.

Listen to the interview in the audio below (scroll down for quotes from it).

When we started Curro with 28 children in a church… it takes time. In the case of Curro it took five to six years… Once we start marketing, the brand [Stadio] will become more well-known…

Dr Chris van der Merwe, Stadio

We own 59 qualifications with 44 under development… Eventually we’ll attempt… to train doctors.

Dr Chris van der Merwe, Stadio

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Lending money to family – what to do, and what not to do

Lending money to family – what to do, and what not to do

Don’t do it! But if you must, you may want to consider personal finance expert Warren Ingram’s advice.

South Africans are drowning in debt but still clamouring for credit

South Africans are drowning in debt but still clamouring for credit

Loans sharks are having a field day and there's an organised crime element, says personal finance journalist Maya Fischer-French.

Used-car buyer? Save yourself a world of pain by asking this one question

Used-car buyer? Save yourself a world of pain by asking this one question

Wendy Knowler says dealerships don’t do much to explain how you may unknowingly void your warranty and service/maintenance plans.

How to start saving and investing money

How to start saving and investing money

Unless you're über-rich, saving money is a must. But it’s not easy. Arabile Gumede talks to personal finance expert Warren Ingram.

'Emigration is draining skills, destroying the future of South Africa’s economy'

'Emigration is draining skills, destroying the future of South Africa’s economy'

Small business guru Pavlo Phitidis shares shocking anecdotes and advises business owners on how to address this challenge.

ADvTECH increases profits by 15% (despite losing students through emigration)

ADvTECH increases profits by 15% (despite losing students through emigration)

The Money Show’s Bruce Whitfield interviews ADvTECH CEO, Roy Douglas.

Popular articles
[LISTEN] Rapper-turned-farmer Mo' Molemi: What makes him tick?

[LISTEN] Rapper-turned-farmer Mo' Molemi: What makes him tick?

The former Morafe member on the memory of Motswako 'king' HHP, the lure of agriculture and his generation's responsibility to SA.

Zuma trial: 'We are dealing with the godfather of South African politics'

Zuma trial: 'We are dealing with the godfather of South African politics'

Analyst Xolani Dube says upcoming trial not so much about the individual, as the organisation which allowed him so much power.

[WATCH] 'I am smart, I am blessed, I can do anything' video goes viral

[WATCH] 'I am smart, I am blessed, I can do anything' video goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] NBC News reporter's son interrupts her live crossing. It's adorable

[WATCH] NBC News reporter's son interrupts her live crossing. It's adorable

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] Job hopeful caught cheating during his Skype interview

[WATCH] Job hopeful caught cheating during his Skype interview

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] Dad dancing with daughter at school concert goes viral

[WATCH] Dad dancing with daughter at school concert goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

Boyfriend dumps girlfriend on spot after witnessing her treating waitress badly

Boyfriend dumps girlfriend on spot after witnessing her treating waitress badly

Khabazela shares tweets and Facebook posts that have gone viral.