IDP Education Limited recently announced its financial results for the 2016 financial year (FY16). For the twelve months to 30 June 2016, the Company reported total revenue of $361.6 million, an increase of 17% compared to FY15. Net profit after tax (NPAT) was $39.9 million which represents growth of 32% compared to the FY15 pro-forma.
Andrew Barkla, Chief Executive Officer and Managing Director of IDP Education told The Pie News:
“The growth and diversification benefits of the multi-destination strategy are clearly evident in the result. Placement volumes to the UK, USA, Canada and New Zealand [are] up 72% relative to the previous financial year.”
“IDP Education’s multi-destination strategy and its global IELTS footprint provide a diversified exposure to the key long-term macro trends we are observing,” he said, listing global growth in the international education industry, the central role of English as a key global language, and “generally supportive government policies in our key destination markets” as contributors.
“Our vision is to build a global platform with an online community to help guide international students along their journey and help them achieve their lifelong learning and career aspirations.”
We are delighted to announce the opening of IDP Education’s first wholly owned office in Colombo, Sri Lanka. The office, which is already operational for IELTS & SP training purposes, houses both the student placement operations and IELTS test centre and is in the heart of city. The office address is below:
IDP Education Lanka (Private) Limited
3rd & 4th Floor, Serendib Tower
Galle Road, Colombo – 3, Sri Lanka
Phone: + 94 11 77 11 888 I +9472 411 6386
In India we have expanded some of our existing offices by moving into new premises.
The Chandigarh office will be operating out of a wing which is adjacent to our current office. The address is:
IDP Education India Pvt Ltd SCO 162-163, 2nd Floor, Sector 9-C, Madhya marg, Chandigarh.
The new office in Chennai also has a much bigger space and can be found here:
IDP Education India Private Limited 1st Floor, KPR Tower, New No 2/1 Subba Rao Avenue, First Street, College Road, Nungambakkam, Chennai
And finally, the new Vijayawada office is only a 2 minute walking distance from the previous office. It can be found here:
IDP Education India Pvt Ltd. Naga’s Hafeez Plaza,2nd Floor, Between Benz Circle and NTR Circle,Opp. Grand Modern Super Market, Vijayawada.