Profit boost for Academedia as operating profit rises almost 12 percent in second quarter

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Profit boost for Academedia as operating profit rises almost 12 percent in second quarter
Photo: Jessica Gow/TT

The education group Academedia reports a profit increase of almost 12 percent for the second quarter of the company's fiscal year, which ended in December.

Operating profit rose to SEK 450 million, compared with SEK 402 million in the corresponding quarter a year earlier.

Net sales increased 4.1 percent to SEK 5.2 billion, while the operating margin increased to 8.6 percent, up from 8.0 percent a year earlier.

The operating margin shows how much of the company's revenue remains to cover interest and taxes after operating expenses are paid.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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