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27-08-2020, 08:10 AM
(This post was last modified: 08-09-2020, 07:48 AM by ¯|_(ツ)_/¯.
Edit Reason: added Response To Requisition To Convene EGM
)
FY2020 Result as at 30 Jun 2020
Rev $100m (vs 97m)
Operating Loss $2m (vs +33m)
Net Loss $14m (vs +41m)
The challenging global education environment, currency volatility, increasing competition and the Covid-19 pandemic continue to impact the Group.
The uncertainty brought about by Covid-19 pandemic with the shutdown and restricted border movements in all the locations we operate in is impacting our recruitment and retention of foreign students from January till date and will have an impact on the Group.
The Group continues to streamline and restructure its operations to adapt to the new paradigm brought about by Covid-19 pandemic for better cost management and improve efficiency.
https://links.sgx.com/FileOpen/REC%20-%2...eID=629406
Response To Requisition To Convene EGM
In the circumstances, the Board is not required to, and will not be convening an extraordinary general meeting for purposes of voting on the Proposed Resolutions
https://links.sgx.com/FileOpen/REC%20Ann...eID=629400
Stay home and stay safe, everyone
Rev $100m (vs 97m)
Operating Loss $2m (vs +33m)
Net Loss $14m (vs +41m)
The challenging global education environment, currency volatility, increasing competition and the Covid-19 pandemic continue to impact the Group.
The uncertainty brought about by Covid-19 pandemic with the shutdown and restricted border movements in all the locations we operate in is impacting our recruitment and retention of foreign students from January till date and will have an impact on the Group.
The Group continues to streamline and restructure its operations to adapt to the new paradigm brought about by Covid-19 pandemic for better cost management and improve efficiency.
https://links.sgx.com/FileOpen/REC%20-%2...eID=629406
Response To Requisition To Convene EGM
In the circumstances, the Board is not required to, and will not be convening an extraordinary general meeting for purposes of voting on the Proposed Resolutions
https://links.sgx.com/FileOpen/REC%20Ann...eID=629400
Stay home and stay safe, everyone