Business
Forecast Result
Forecast Result.
About this update from Malvern International Plc
[{"type":"text","content":"\n AEC Education plc\n08 December 2005\n\n\n\n\n\n\n\nPress Release 8 December 2005\n\n AEC Education plc\n\n Forecast Results for the 12 months ending 30 December 2005\n\n\nAEC Education plc ('AEC' or the 'Company'), the provider of educational courses\nto postgraduate degree level in Singapore and Malaysia, announces that, as\ntrading for the 2nd half of 2005 will not be as good as expected and the company\nhas made significant investment in new product development during the period\nwhich has been written off as expended, profits for the financial period ending\n30 December 2005 will be substantially below those of last year.\n\n\nHighlights\n\n1. The Group's revenues from continuing operations are forecast to increase \n by 11%.\n\n2. A large range of products are ready for launch early in 2006. These \n include\n\n A new Doctorate Degree programme\n 2 new Master's Degree courses\n A Bachelor's Degree course in Travel and Tourism\n A Certificate and Diploma in nursing\n New courses for ACCA and its Technician level CAT\n A range of 8 new on - line Distance Learning programmes across a wide\n range of business skills and English Language on a prepaid card basis.\n\nFor further information:\nAEC Education plc\nRamasamy Jayapal, Finance Director Tel +65(62203500)\nWilliam Swords, Chairman +44(7775787427)\n\n\n Notes to Editors\n\n\n\nFounded in 1985 in Singapore and Malaysia, AEC is the UK holding company for a\nnumber of companies that provide business educational services to approximately\n16,000 students in the Asia-Pacific region: the fastest-growing source market\nfor international students. The group offers class-based instruction at the\nlargest educational campus in Singapore's Central Business District and distance\nlearning up to postgraduate level. In addition, it provides degree\nqualifications on behalf of several leading international universities,\ntargeting the large volumes of overseas students that the Singaporean government\nhas announced in the Global Schoolhouse Vision it intends to increase.\n\n\n\nAEC's aim is to be a leader in quality education through facilitating learning,\nfostering creativity and developing knowledge, skills and confidence in its\nstudents. Its receipt of four rare Singapore Quality Class Awards shows the\nGroup's recognition by the Singaporean Government as a prestigious and\nforwar...