Insatiable appetite for higher education boosts Curro spinoff Stadio's profits

Private tertiary education company Stadio reported headline earnings of R32 million for the six months to 30 June 2018.

That is up from R3 million for the same period last year.

Headline earnings per share came it at 3.5 cents from 0.8 cents a year before.

In the six months under review Stadio grew enrolment from 1112 students to 27 777.

Stadio hasn’t declared a dividend.

Stadio unbundled from Curro Holdings and listed on the JSE in October last year.

The Money Show’s Bruce Whitfield interviewed Stadio CEO Dr Chris van der Merwe.

Listen to the interview in the audio below (scroll down for quotes from it).

When we started Curro with 28 children in a church… it takes time. In the case of Curro it took five to six years… Once we start marketing, the brand [Stadio] will become more well-known…

Dr Chris van der Merwe, Stadio

We own 59 qualifications with 44 under development… Eventually we’ll attempt… to train doctors.

Dr Chris van der Merwe, Stadio

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Insatiable appetite for higher education boosts Curro spinoff Stadio's profits


Recommended

by NEWSROOM AI
Read More
'Capping fuel price will harm transformation, jobs and won’t benefit consumers'

'Capping fuel price will harm transformation, jobs and won’t benefit consumers'

The Money Show’s Bruce Whitfield interviews PetroConnect cofounder Sbonelo Mbatha.

3 risks to your retirement savings (and how to mitigate each of them)

3 risks to your retirement savings (and how to mitigate each of them)

Only 5% of South African retirement fund members will retire comfortably. Bruce Whitfield interviews advisor Warren Ingram.

ADvTECH increases profits by 15% (despite losing students through emigration)

ADvTECH increases profits by 15% (despite losing students through emigration)

The Money Show’s Bruce Whitfield interviews ADvTECH CEO, Roy Douglas.

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

"I have no desire for clothes. I have no desire for holidays. I have no desire for outings. All I see is the suffering of people…"

‘Budgeting’ for people who don’t budget (and probably never will)

‘Budgeting’ for people who don’t budget (and probably never will)

A simple savings plan for people who don’t like to budget. Bruce Whitfield interviews personal finance guru Warren Ingram.

You’re either a ‘money slave’ or a ‘money master’ (says author of 'My Money')

You’re either a ‘money slave’ or a ‘money master’ (says author of 'My Money')

The Money Show’s Bruce Whitfield interviews Sugar Creek financial expert and author of “My Money” Gerald Mwandiambira.

Popular articles
[LISTEN] Why Zuma has filed for permanent stay of prosecution

[LISTEN] Why Zuma has filed for permanent stay of prosecution

Zuma’s lawyers were given until Friday to submit the application to bring to a halt his corruption trial after many delays.

[LISTEN] Cervical cancer is the only cancer that is caused by sex - Dr Eve

[LISTEN] Cervical cancer is the only cancer that is caused by sex - Dr Eve

Dr Eve discusses cervical cancer and how it can be prevented.

Angry customer stops at nothing to expose bad service at upmarket hotel

Angry customer stops at nothing to expose bad service at upmarket hotel

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.

Motorist who killed two goslings has been identified

Motorist who killed two goslings has been identified

According to the SPCA, he will be charged with contravention of the Animal Protection Act.

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

"I have no desire for clothes. I have no desire for holidays. I have no desire for outings. All I see is the suffering of people…"

Group distances itself from N2 car spinners caught on film

Group distances itself from N2 car spinners caught on film

It turns out that the petrol heads who span cars on the N2 were part of the SA Torque Cape Town Breakfast Run.

Uber customer threatened with hockey stick by driver

Uber customer threatened with hockey stick by driver

An Uber customer shares how she was threatened by an Uber driver with a hockey stick after a disagreement.

Here's how to check your load shedding schedule in Cape Town

Here's how to check your load shedding schedule in Cape Town

Residents are urged to take note of the schedules as Stage 1 load s​hedding remains a possibility.