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Nord Anglia - Shares break into higher ground

January 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • NAE
Shares in education services group, Nord Anglia have broken decisively into a higher range, following the release of a decent set of final results.  On a 4% increase in turnover to £83.6m, pretax profit was £4.8m, ahead of expectations largely  thanks to winningmore  outsourcing contracts.   In education delivery (58% operating profit) Nord's international schools saw profit grow from £1.9m to £2.2m, thanks to pupil numbers increasing from 4,900 to 5,200 due to the success of its recent new opening in Shanghai and theexpansion of existing schools. This growth was partially offset by a reduction in profit (from £0.9m to £0.8m) at UK schools, because of a hike in teachers' pensions and national ins ...

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