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Masterskill Education Group Bhd's (MEGB) pre-tax profit for the second quarter ended June 30, 2011 fell to RM10.565 million from RM25.723 million in the corresponding quarter last year.
Revenue fell to RM65.785 million from RM77.113 million in the same quarter last year, it said in a filing to Bursa Malaysia today.
"The decrease in revenue is mainly attributed to the lower student enrolment during the first half of 2011 compared with the corresponding period last year," it said.
For the half year, its pre-tax profit dropped to RM35.444 million from RM57.777 million in the previous year.
Its revenue rose to RM139.469 million from RM154.153 million previously.
Its group chief executive officer, Datuk Seri Edmund Santhara, said MEGB's performance for the first half was expected as it was in line with the overall challenging market environment for this year.
He said Masterskill would continue to focus on three core areas -- student population, course/curriculum offerings and campus expansion -- to drive the group forward in delivering long-term profitability and sustainable growth. -- Bernama