ADvTECH delivers resilient performance
It has been a challenging environment for education, as institutions scrambled to maintain consistent delivery. Delivering its interim results, ADvTECH reported a decrease of 2 per cent in normalised earnings per share. ADvTECH CEO, Roy Douglas joins CNBC Africa for more.
Tue, 01 Sep 2020 10:51:59 GMT
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AI Generated Summary
- ADvTECH successfully transitioned to online learning, ensuring continuity in education for students amidst the pandemic.
- The company prioritizes the health and safety of students, staff, and stakeholders, implementing international standard protocols to prevent transmission.
- ADvTECH demonstrates commitment to supporting families facing financial hardships through individualized assistance programs and bursaries.
ADvTECH, a leading education provider, has successfully adapted to the challenges presented by the global pandemic, showcasing resilience and agility in maintaining its operations. The company reported a decrease of 2 per cent in normalised earnings per share in its interim results, reflecting the impact of the unprecedented times. Despite this, ADvTECH CEO, Roy Douglas, remains optimistic about the future of education as the industry navigates through these turbulent times. One of the key strategies that ADvTECH swiftly executed was transitioning to online learning, ensuring that students could continue their education remotely without disruptions. This seamless shift was particularly impressive for their schools division, traditionally reliant on face-to-face interactions. Douglas highlighted the importance of technology in enhancing the academic experience but also emphasized the value of social interaction in the learning process. As the pandemic continues, maintaining the health and safety of students, staff, and stakeholders remains a top priority for ADvTECH. The company has implemented stringent protocols in line with international standards to mitigate the risks of transmission within their institutions. Despite the uncertainties brought about by the ongoing health crisis, ADvTECH remains committed to supporting families facing financial hardships. Through individualized assistance programs and bursaries, the company has already provided aid to over 5,000 families, totaling 37 million rand. ADvTECH acknowledges the economic challenges faced by many households and plans to continue working closely with parents to alleviate financial burdens. With a focus on cost-saving measures, quality education delivery, and prudent financial management, ADvTECH aims to weather the storm and emerge stronger from the crisis.