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MindChamps shares surge more half following 373% y-o-y improvement in 1HFY2023 earnings

The Edge Singapore
The Edge Singapore • 2 min read
MindChamps shares surge more half following 373% y-o-y improvement in 1HFY2023 earnings
MindChamps' executive chairman David Chiem / Photo: Albert Chua
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MindChamps PreSchool shares surged more than half, or 56.05% on Aug 11 to close at 25 cents, following the company's significantly improved 1HFY2023 earnings.

For the six months ended June, the company reported earnings of $7.1 million, up 373% y-o-y versus just $1.5 million recorded in the year-earlier 1HFY2022.

Revenue in the same period was up 11% to $35.2 million, as it was able to book higher franchise fees, especially in US and Western Australia.

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