Navitas up on record enrolments
Navitas shares were firmer after it announced record enrolments for its University Programs Division for the first semester of 2014.
The company enrolled 18,862 full time equivalent students for the first semester, up 6 per cent on its previous record in the first semester of 2010 of 17,811 and up 11 per cent on the previous corresponding figure of 17,067.
"This solid result was driven by a more than 25 per cent increase in recruitment of international students from their source countries," the company said in a statement.
"The high growth countries were Vietnam, India, Nepal and Pakistan."
Navitas chief executive Rod Jones attributed the growth to Australia's attractiveness as a high quality education destination and supportive regulatory and visa policy settings including streamlined visa processing and post-study work rights.
"This result builds on more than four semesters of growth in total enrolments for the University Programs Division, a foundation that will contribute strongly to Navitas' financial performance in the coming years," he said.
Navitas shares were up four cents to $7.55 at 9.35am.
