The group saw revenue improvement across all its revenue segments – tuition fees, registration fees, school shop revenue, enrichment programme revenue, interest income and other income.
Local international school operation Overseas Education (SGX:RQ1
) announced that its FY2022 ended Dec 31, 2022 has declined by 16.7% y-o-y to $5.3 million from $6.3 million in the previous year.
Total revenue for the full year period saw a 2.4% y-o-y increase to $76.4 million from $75.6 million last year. The increase in revenue was due to an uptick in student enrolment in the second half of 2022 with expatriate families returning to Singapore as most international borders are now fully reopened post-Covid-19.
