CIBT Education Group Inc. (TSX: MBA) Diversifies Tenant-Base; Expecting Strong H2-FY2021 from Vaccine Rollout – FINAL REPORT

Jan 8, 2021 | Industry, Research Reports, Special Situations / Industrials

CIBT Education Group Inc. (TSX: MBA) Diversifies Tenant-Base; Expecting Strong H2-FY2021 from Vaccine Rollout – FINAL REPORT

Highlights

FY2020 revenue (12 months ended August 2020) was 4% below our expectations. Although net income declined YoY, funds from operations were up 56% to $11.48M in FY2020, due to improved margins and wage subsidies from the government.

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