Revenue for 2Q surged 60% to $7.65 million from $4.8 million a year ago due to higher income after the acquisition of seven preschool centres in Australia and Singapore, as well as $0.5 million franchise income which came mainly from the sale of a master franchise license in China.
SINGAPORE (Aug 6): MindChamps Preschool saw a near doubling of 2Q earnings to $1.3 million from $0.7 million in 2Q17 on higher revenue.
This brings the company’s earnings for the 1H ended June to $1.6 million, up 16% from its 1H17 earnings of $1.4 million previously.
