Nido Education (ASX:NDO) targets AUD 161Mn in revenue and AUD 20 in NPAT in FY24.

Mon 06 Jan 25, 01:41 AM | Team Kalkine

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Highlights

Nido Education Limited (ASX:NDO) is an ASX listed company that owns, operates and manages long-term early childhood education and care services. The services are offered to children from six weeks old up to school age. In the first half of the financial year 2024 (1HFY24), the company recorded a turnaround in its bottom line and a notable surge in the group revenue and net profit

During the six months ended 30 June 2024, the company saw a 117.78% YoY rise in its revenue to AUD 75.49 million, largely driven by higher centre revenue and additional revenue from other centres. EBITDA increased by 413.93% YoY to AUD 17.49 million in 1HFY24.

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