Highlights

  • In Q2-FY2020 (quarter ended February 2020), the CIBT Education Group’s (“company”, “CIBT”) revenue increased 1.6% YOY, to $16 million, in line with our expectations. H1-FY2020 revenue was up 0.9% YoY to $33 million. Educational revenue was up 5% YoY, and rental revenue was up 21% YoY.
  • EBITDA was $1.42 million in Q2-FY2020, up 101% YoY, and $4.71 million in H1-FY2020, up 150%. Note that the company’s reported figures are slightly different from our calculations.
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