Cost of sales improved by 4% y-o-y to $31.7 million. Gross profit grew by 33% y-o-y to $37.87 million.
MindChamps PreSchool reported a net profit of $4.9 million for FY2023, 65% higher than the $2.9 million in 2022.
This follows higher revenue, which increased 13% to $69.6 million. This is attributable to an increase in franchise income in the US and Western Australia, an increase in school fees revenue as well as an increase in royalty revenue, among others.
