EDVANTAGE GROUP (00382) saw its stock price surge by 5.00% during intraday trading on Friday, reflecting strong investor sentiment following the release of its annual financial results and dividend announcement.
The company reported revenue of RMB 2.489 billion for the fiscal year, marking a 7.7% year-on-year increase, driven by higher student enrollment and tuition fees. Despite a decline in gross and net profits due to strategic investments, the board proposed a final dividend of HK$0.074 per share, which appears to have bolstered investor confidence.
The mixed financial results, coupled with the dividend payout, suggest that the market is focusing on the company's revenue growth and shareholder returns, outweighing concerns about short-term profitability declines.