Edvantage Group (HKG:0382) expects a decline in profit attributable for the six months ended Feb. 28 to 101.5 million yuan from 243.7 million yuan previously, according to a Monday Hong Kong bourse filing.
The operator of Chinese colleges attributed the forecast to a drop in student enrollments, a higher cost of sales amid strategic investments, and an impairment loss on goodwill allocated to certain cash-generating units.
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