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Navitas sees no threat from online courses
Navitas sees no threat from online courses

Navitas does not see an immediate threat from the web education phenomenon of Massive Open Online Courses (MOOCs).

Global enrolments to MOOCs have skyrocketed this year, as elite universities rush to set up courses in partnership with the likes of online education group Coursera.

While most traditional online courses are free and limited in their enrolments, MOOCs are free and open to each and every comer.

Navitas chief executive and co-founder Rod Jones yesterday said MOOCs would "undoubtedly become a feature of the education market globally".

"However, as there is no revenue generated from MOOCs, and they do not result in a qualification, we think they could actually stimulate interest in a formal higher education, therefore leading to higher student enrolments," Mr Jones told the company's annual meeting.

Mr Jones confirmed the improving outlook for the university pathways education group, which last financial year reported its first profit fall since listing in 2004.

The group also announced the resignation from the board of co-founder and non-executive director Peter Campbell. Mr Campbell remains a major shareholder with a 5.1 per cent stake, or 19.05 million shares, valued at nearly $78 million based on yesterday's close of $4.08.