Stadio Holdings reports increased profits off the back of growth in student numbers
A 10% increase in student numbers has contributed to a 19% rise in core earnings for the private higher education group.
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Bruce Whitfield speaks to Chris Vorster, CEO at Stadio.
Private higher education group, Stadio Holdings has managed to grow student numbers by 10% to more 46,500.
The forecast looks up as well, with another 10,000 students expected to sign up by 2026.
Stadio has 10 campuses around South Africa and Southern Africa, including a Bellville campus in Cape Town and one in Durban.
It also operates two campuses in Namibia.
Stadio will now also build a new campus in Durban to accommodate the increase of student enrolments in KwaZulu-Natal.
The company declared a 12% higher dividend of 10.0 cents per share.
Chris Vorster, CEO at Stadio says the majority of its students are registered in distance learning courses.
"...close to 84% of our current student population study via distance learning."
- Chris Vorster, CEO - Stadio
"We are actually seeing solid growth over the last two years, post-covid in our distance learning."
- Chris Vorster, CEO at Stadio
"What is exciting for us is that we're really seeing the school leavers, the contact learners coming back to camous, and we see quite a nice uptake in new student numbers on our contact learning campus.
- Chris Vorster, CEO at Stadio
We've really now seen our comprehensive campus that we've built two years ago there in centurion shows really good growth for the 2024 academic year. We see student numbers up more than 57%."
- Chris Vorster, CEO at Stadio