Navitas FY profit sharply falls

Education company weighed by university writedowns, upbeat about FY15 earnings.

Navitas Limited (NVT) expects strong earnings growth in fiscal 2015 despite posting a significant fall in profit in the year to June 30.

The education company posted a $51.6 million net profit attributable to members, a 31% fall on the $74.57m posted in the previous corresponding period.


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