MindChamps 2Q earnings double to S$1.3m on higher revenue; to acquire 2 preschool centres in Sydney

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SINGAPORE (Aug 6): MindChamps Preschool saw a near doubling of 2Q earnings to S$1.3 million from S$0.7 million in 2Q17 on higher revenue.

This brings the company’s earnings for the 1H ended June to S$1.6 million, up 16% from its 1H17 earnings of S$1.4 million previously.

Revenue for 2Q surged 60% to S$7.65 million from S$4.8 million a year ago due to higher income after the acquisition of seven preschool centres in Australia and Singapore, as well as S$0.5 million franchise income which came mainly from the sale of a master franchise license in China... (Click here to read the full story)