VIRSCEND EDU (01565) Issues Profit Warning, Anticipates Interim Profit Attributable to Owners to Drop by Up to 50% Year-on-Year
Stock News
Apr 17
VIRSCEND EDU (01565) has announced that the group expects the profit attributable to company owners for the six months ending February 28, 2026, to decrease by no more than 50% compared to the same period in 2025, while revenue remained flat year-on-year. The decline in profit during the reporting period is primarily due to (i) increased teacher salaries aimed at retaining top talent to provide high-quality educational services; (ii) higher interest expenses resulting from increased borrowing; and (iii) a rise in exchange losses.
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