AdvTech Reports 11% Revenue Growth Driven by Tertiary and Resource Divisions, Adjusts Dividend Payout | Roy Douglas, CEO, Advtech Ltd . 00:10:00
AdvTech has announced its full-year results, highlighting an 11% increase in revenue to R4.4 billion, significantly boosted by its tertiary and resource divisions. The group, which operates 103 schools and 29 tertiary campuses, saw a 15% rise in revenue from its school divisions. Despite this strong performance, the board has decided to reduce the annual dividend payout to 15 cents per share, bringing the full-year dividend to 30 cents, down from 34 cents the previous year. CEO Roy Douglas discusses these results and the strategic decisions made during a high capital investment period.
