17th Jan 2025 11:40
(Alliance News) - Fairview International PLC on Friday said its student numbers increased last year and raised gross profit.
The developer and operator of schools following the International Baccalaureate curriculum said its student numbers for the year to the end of June rose by 12% year-on-year.
Gross profit grew 32% to GBP2.4 million, due to higher student numbers and a larger proportion of foreign students paying higher fees.
The company said it plans to invest in marketing campaigns and "face-to-face engagement with international families" in 2025 to further boost student numbers.
Fairview said it expects to benefit from "tight control of administrative expenses" and fee increases during the current financial year.
The firm said it will explore options to expand its network of schools outside Malaysia, to Indonesia, Vietnam and Hong Kong.
The company said the UK is also a core focus "reflecting both the positive attitudes of Asian families to a British education and the growing interest in the IB curriculum".
Chair Daniel Chian said: "Listing on the London Stock Exchange last October allowed us to access new capital and we have wasted no time putting it to work. One of our immediate actions has been to increase international marketing, both to expand our reach and also reflecting the higher fees and margins typically realised with international students. We have also launched several upgrades with a particular focus on technology enhancements to enrich the learning experience.
"For 2025, we will keep up momentum going: increased marketing and modern academic programmes provide the platform for higher enrolments, particularly from international markets. We will always seek to ensure that our growth is sustainable and that the quality of a Fairview education continues to rise."
Fairview shares were flat at 11.40 pence on Friday afternoon in London.
By Michael Hennessey, Alliance News reporter
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