Navitas group revenue exceeds $1bn in FY16
Navitas’s group revenue exceeded $1bn in the past financial year, up 3%, the company has announced in its FY16 results. It also reported a 1% growth in EBITDA.
Navitas’s group revenue exceeded $1bn in the past financial year, up 3%, the company has announced in its FY16 results. It also reported a 1% growth in EBITDA.
Amid an eight-week election campaign followed by more than a week of counting and doubt over which party would form a government, Australian industry leaders say they are confident international education will remain buoyed by its recent upward trajectory.
Delegates at this year's CISA national conference have called for Australia's International Education Strategy to take a more student focused approach.
Around 25% of all students at Navitas pathway colleges in Australia are domestic students, which Tony Cullen, EGM of marketing and sales - university programs, said adds an "enormous value".
Being able to say, when you come and study with us, 30% of your class is going to be Australian students; it is a real value add
Navitas has announced “solid growth” in revenue, earnings and margins so far in FY2016. It has also reiterated its commitment to continue its aggressive growth strategy in North America in the coming year, where it has seen 18% year-on-year growth in student numbers to spring 2015.
Navitas has announced it will end its partnership with Western Kentucky University after identifying that it does not hold "tremendous opportunities for success going forward".
Two bills updating the ESOS Act have been passed in Australia, promising to reduce administrative costs and enhance quality assurance. However, an amendment to rules on tuition fees paid in advance being placed in holding accounts did not pass.