KUALA LUMPUR: Education outfit HELP International Corp Bhd is investing RM20 million to set up an international school in Subang Jaya to offer primary and secondary education.
In a filing with Bursa Malaysia yesterday, HELP said it had received approval from the Education Ministry to set up the international school to be located within HELP University’s flagship green technology campus.
HELP said the school would be located on a 2.8ha site and will cater for more than 3,000 students.
The first phase is expected to open in September 2013 with an initial intake of 500 to 600 students.
“The demand for quality private education in Malaysia continues to grow strongly with the population growing in affluence. The establishment of the HELP International School is part of the group’s long-term plans to expand its educational presence in the country,” it said.
HELP said the curriculum would be based on the UK syllabus leading up to the Edexcel A-levels, and it will seek partnerships with renowned international schools in Australia, the UK and the US.
HELP plans to finance the establishment of the international school via internal funds and external borrowings.
For FY11 ended October, HELP posted a net profit of RM13.06 million on the back of RM108.06 million in revenue. Earnings per share (EPS) for the 12 month period was 9.2 sen.
For FY10 the company registered net profit of almost RM19.1 million from RM105.20 million in sales. EPS in FY10 stood at 13.4 sen.
As at end-October last year, HELP had cash and cash equivalents amounting to some RM60 million and no significant borrowings.
“With the investment in staff, facilities and the transitional period on student intakes, the directors expect the financial performance of the group to be satisfactory for FY12.
“The directors remain confident that the group is fundamentally strong and the initiatives taken during this capacity building phase will prepare us to position HELP as a global education provider of quality education. The group has a strong balance sheet and sufficient resources to expand its business,” HELP said.
HELP has been trending downwards in the past six months, falling from a high of RM2.54 to close at RM1.50 yesterday, inching up one sen.
This article appeared in The Edge Financial Daily, January 19, 2012.
In a filing with Bursa Malaysia yesterday, HELP said it had received approval from the Education Ministry to set up the international school to be located within HELP University’s flagship green technology campus.
HELP said the school would be located on a 2.8ha site and will cater for more than 3,000 students.
The first phase is expected to open in September 2013 with an initial intake of 500 to 600 students.
“The demand for quality private education in Malaysia continues to grow strongly with the population growing in affluence. The establishment of the HELP International School is part of the group’s long-term plans to expand its educational presence in the country,” it said.
HELP said the curriculum would be based on the UK syllabus leading up to the Edexcel A-levels, and it will seek partnerships with renowned international schools in Australia, the UK and the US.
HELP plans to finance the establishment of the international school via internal funds and external borrowings.
For FY11 ended October, HELP posted a net profit of RM13.06 million on the back of RM108.06 million in revenue. Earnings per share (EPS) for the 12 month period was 9.2 sen.
For FY10 the company registered net profit of almost RM19.1 million from RM105.20 million in sales. EPS in FY10 stood at 13.4 sen.
As at end-October last year, HELP had cash and cash equivalents amounting to some RM60 million and no significant borrowings.
“With the investment in staff, facilities and the transitional period on student intakes, the directors expect the financial performance of the group to be satisfactory for FY12.
“The directors remain confident that the group is fundamentally strong and the initiatives taken during this capacity building phase will prepare us to position HELP as a global education provider of quality education. The group has a strong balance sheet and sufficient resources to expand its business,” HELP said.
HELP has been trending downwards in the past six months, falling from a high of RM2.54 to close at RM1.50 yesterday, inching up one sen.
This article appeared in The Edge Financial Daily, January 19, 2012.
