Business Description:
Navitas Limited (NVT) is an education services provider operating in multiple cities around the world, providing educational services including university programs, language training, workforce education, and student recruitment. Principally, it offers pathway programs at colleges and universities in Australia, the UK, Europe, Canada, Asia, the USA, India and Africa.

Strategy Analysis:
NVT embeds itself into partner universities who welcome the additional direct revenues NVT delivers, as well as the expansion of supply of high-margin foreign students into the universities´ own degree and diploma courses. Contracts with universities generally have a term of at least 5 years allowing NVT to become well established. The engagement of qualified academics at partner universities to develop course content underpins curriculum quality. In addition, the application of the universities´ moderation processes ensures academic standards equivalent to those at the university. NVT is leveraging its domestic success to expand offshore into other English speaking regions such as the UK, Canada and the US, which hold similar attraction to non-English speaking students. Navitas reported NPAT up 20.5% to $77.39m for the year ended 30 June 2011. Revenues from ordinary activities were $643.81m, up 15.6% from last year. Diluted EPS was 21.7 cents compared to 18.8 cents last year. Net operating cash flow was $69.46m compared to $86.50m last year. The final dividend declared was 12.0 cents, taking the full year dividend to 20.7 cents compared with 18.8 cents last year. Looking ahead, the Company reported that although facing headwinds in several markets the inherent opportunity for Navitas remains robust with demand for quality education continuing to grow world wide as economic and social factors enable more students to seek education and training overseas and at home.