Navitas returns to profit in FY2013
International education giant Navitas has returned to profit in FY2013 after a tough 2012, largely due to improved operating conditions in its biggest market, Australia. The firm, which offers pathway, English language, vocational and corporate courses in a number of countries, saw revenue climb by 6% to AUS$731.7m and net profit by 2% to $74.6m. This follows a 5% profit fall in 2012.