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Informatics Education narrows 3Q loss

Gwyneth Yeo
Gwyneth Yeo • 1 min read
Informatics Education narrows 3Q loss
SINGAPORE (Feb 8): Informatics Education has reported a smaller net loss of $1.1 million for 3Q17, compared with a net loss of $1.4 million in 3Q16.
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SINGAPORE (Feb 8): Informatics Education has reported a smaller net loss of $1.1 million for 3Q17, compared with a net loss of $1.4 million in 3Q16.

Group revenue for the quarter ended December fell 13% to $2.2 million, on the back of a reduced number of students enrolled in Singapore and UK.

Other operating income fell 81% to $90,000 from the write back of provisions in 3Q16 that was not repeated in the current quarter.

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