Curro interim results June 2019
Revenue for the interim period increased to R1.480 billion (2018: R1.240 billion), earnings before interest, taxation, depreciation and amortisation ("EBITDA") rose to R415 million (2018: R342 million), profit attributable to owners of the parent climbed to R234 million (2018: R143 million), while headline earnings per share grew to 50 cents per share (2018: 34.8 cents per share).
No dividend was declared.
The Board believes Curro is positioned for growth and will focus on increasing utilisation of the existing school infrastructure capacity in the short to medium term. Curro will also reduce capital outlay on greenfield schools over the medium term. The long-term prospects of the Company remain positive in terms of profitability and the contribution it will make towards the sustainable long-term development of South Africa and beyond.