CPC Holdings (stock code: 839) announced its interim results for the six months ended 29 February 2024 with primary revenue of RMB3,284 million, an increase of 18.3% over the same period last year. Gross profit and adjusted net profit grew 15.4% and 10.2%, respectively, to $1,839 million and $1,217 million. Company owners' adjusted net profit increased to $1,092 million, an increase of 4.5%. Adjusted EBITDA reached $1,956 million, an increase of 16.7%. The cash reserve is RMB4,531 million, and the Board of Directors proposes to pay an interim dividend of RMB18.77 per share. During the reporting period, the growth in primary income was mainly driven by the increase in the number of students and income per student in the domestic market, while the income in the international market segment decreased slightly. Main costs and administrative...Show More

CPC Holdings (stock code: 839) announced its interim results for the six months ended 29 February 2024 with primary revenue of RMB3,284 million, an increase of 18.3% over the same period last year. Gross profit and adjusted net profit grew 15.4% and 10.2%, respectively, to $1,839 million and $1,217 million. Company owners' adjusted net profit increased to $1,092 million, an increase of 4.5%. Adjusted EBITDA reached $1,956 million, an increase of 16.7%. The cash reserve is RMB4,531 million, and the Board of Directors proposes to pay an interim dividend of RMB18.77 per share. During the reporting period, the growth in primary income was mainly driven by the increase in the number of students and income per student in the domestic market, while the income in the international market segment decreased slightly. Main costs and administrative expenses increased as the number of students increased and new campuses were put into use. After the reporting period, the Company redeemed all outstanding convertible debentures on March 28, 2024. In addition, the company's capital expenditure for the six months ended February 29, 2024 was RMB2,032 million, primarily for campus expansion. The Company's shares were suspended from 12 June to 17 June 2024 in preparation for the distribution of interim dividends.