Summary by Moomoo AI
For the six months ended 30 September 2024, Heritage Education Group recorded revenues of approximately HK$152.3 million, an increase of 14.7% over the same period last year. Growth mainly came from the financial and investment education business, with revenues of HK$111.4 million, up 12.5% year on year. Tuition fee income from the private secondary education business also increased to HK$38.9 million, up 22.3% year-on-year. Profit for the period was approximately HK$21.8 million, an increase of HK$20.2 million from the same period last year.Management said the strong performance of the finance and investment education business was the main driver of the performance growth. Due to the slowdown in the Chinese economy and the shift in consumer shopping patterns, the retail business is facing...Show More
