The lower revenue was due to weaker student enrolment, which slowed down to a near standstill during the 2HFY2020 due to the pandemic, which caused global lockdowns and travel bans.
Overseas Education Limited has posted earnings of $10.3 million, 13% higher y-o-y for the FY2020 ended December.
Revenue for the full-year fell 3.9% y-o-y to $79.1 million, on lower revenue across all segments save for other revenue.
