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Public company info - Kingsley Edugroup Limited , 08105.HK
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Kingsley Edugroup Limited, 08105.HK - Company Profile
Chairman Shu Liang Sherman Jen
Share Issued (share) 800,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Other Support Services
Corporate Profile Business Summary: The Group is principally engaged in provision of education and related services in Malaysia. Performance for the year: The Group recorded revenue of approximately RM31.0 million for the year ended 30 June 2019, representing an increase of approximately 3.3% from approximately RM30.0 million for the year ended 30 June 2018. The increase was mainly contributed by the increase in number of students during the year ended 30 June 2019; Gross profit for the year ended 30 June 2019 amounted to approximately RM14.1 million (2018 : RM15.5 million), representing a decrease of approximately RM1.4 million or approximately 9.0% as compared to the year ended 30 June 2018; Profit for the year ended 30 June 2019 amounted to approximately RM2.2 million (2018 : RM1.2 million), representing an increase of approximately RM1.0 million or approximately 83.3% as compared to the year ended 30 June 2018; Basic earnings per share for the year ended 30 June 2019 was approximately RM0.28 sen (2018 : RM0.24 sen). Business Review: During the year ended 30 June 2019, the Group’s principal business remained the provision of education and related services in Malaysia. Revenue generated from international school segment remained as the main driver of the Group’s revenue. Prospects: The education outlook in Malaysia is very positive as in the Malaysian Government Budget announcement, it was revealed that the Education Ministry received the lion’s share with an allocation of RM60.2 billion, emphasizing the critical importance of education in Malaysia moving forward. As an education hub, Malaysia is a popular destination for local and international students because of the quality of academic programmes provided by higher education institutions in the country which are accredited by the Malaysian Qualifications Agency (“MQA”). MQA accreditation is widely accepted in Asia, New Zealand, Japan, Australia, United Kingdom and Europe. The Group’s profitability in the education business for the immediate future is promising as the Group recorded an increase in profit for the year ended 30 June 2019 as compared to the corresponding period in 2018. Together with the recently completed facilities in the Kingsley International School (“KIS”) KIS Annex Building which consist of dormitory rooms, multi-purpose rooms (which consist of workshops, computer laboratory, AV room, lecture hall, multi-purpose hall, etc.) and facilities (which include the olympic-sized swimming pool, gymnasium and gymnastic training facilities) which will be fully operational in September 2019, the Group believes that Kingsley will move up to the next level of providing high quality education with high quality facilities, uniquely located on a hill overlooking a residential area in the capital city center with a 27 acres green belt at the foot of the hill complete with outdoors facilities and with two light rail transit stations nearby. The consolidation of the Group's education business in now possible with the completion of the new facilities. Turning Kingsley Hills into an educational hub. From here new revenue streams is currently being developed some of which is already coming to initial fruition. The Group also continues to look for suitable investment opportunities both locally and in overseas markets with smart partnerships as evidenced in its recent voluntary announcement made on 5th December 2018 on the memorandum of understanding (the “MOU”) in relation to the possible acquisition of a target company in Hong Kong who is in the education business and on 5th March 2019 on another MOU for possible acquisition of another target company also in Hong Kong. Both MOU have not materialised yet into final acquisition due to non synergy of education direction. However the Group will continue to explore other businesses as part of its efforts to diversify and broaden its revenue base over the longer term. The pursuit of smart partnership with other higher education institution in Malaysia who are recognized by the Ministry of education in China so that the Group tertiary institution can conduct programmes that will attract students from the PRC have now come to fruition.

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