AEC EDUCATION PLC
Unaudited Results for the Six Months ended 30 June 2010
AEC Education PLC, the provider of educational courses up to postgraduate degree level in Singapore, Malaysia, China, Vietnam, and London and the facilitator of London Chamber of Commerce and Industry (“LCCI”) examinations/qualifications in Asia, is pleased to announce its unaudited results for the six months ended 30 June 2010.
Commenting on results, Liam Swords, Chairman, said,
“AEC continues to make very encouraging progress albeit the first half presented some challenges for the Group. Revenues for the first half have more than doubled against the same period last year, principally reflecting the first full six month contribution from Malvern House, the London-based English language education provider, acquired in July 2009.
To support our growth plans, we have made significant investment in the business over the first half and we will be making further investment over the remainder of the year. The development of our university relationships is a particular area of interest to us.
Demand for our business and vocational offering across Asia remains buoyant and interest in UK university qualifications and English language learning also remains high. We are investing in strengthening our marketing and systems capability which will stand the Group in good stead as it moves into new markets and territories.
Alongside organic development, we are continuing to seek acquisitions, which are synergistic and easily integrated. The Board remains very positive about prospects for the business and looks forward to providing a further update in due course.”Enquiries
AEC Education plc Liam Swords Tel: +44 (0) 20 7448 1000 (today) Tel: +44 (0) 20 8308 1202 WH Ireland Limited (NOMAD) Dan Bate Tel: +44 (0)161 832 2174 Stuart Forshaw Biddicks Katie Tzouliadis Tel: +44 (0) 20 7448 1000 Sophie Lane