Asia
Virscend Education Warns of Up to 50% Lower Six-Month Profit
Virscend Education (HKG:1565) expects a year-over-year decline of up to 50% in attributable profit for the six months ended Feb. 28, with revenue anticipated to remain flat, according to a Friday Hong Kong bourse filing.The educational services provider attributed the forecast to a rise in teachers' remuneration to retain quality talent, higher interest expenses, and an increase in exchange losses.
HKG:1565
