Estácio sees macroeconomic difficulties, but should reap results of operating efficiency in the second half

Estácio sees macroeconomic difficulties, but should reap results of operating efficiency in the second half

SAO PAULO (Reuters) - Estácio Participações sees difficulties in the macroeconomic environment, particularly for student retention efforts and new funding, but has potential for ...

SAO PAULO (Reuters) - Estácio Participações sees difficulties in the macroeconomic environment, particularly for student retention efforts and new funding, but has the potential to reap good results in the second half through gains in operating efficiency, they said Wednesday. fair executives of the second largest group of higher education in the country."The macro is challenging, but the funding momentum is very similar to the first half," said company president Pedro Thompson in a conference call with analysts and investors on the quarterly balance sheet.The day before, Estácio reported a 42.5 percent rise in second quarter net income to R $ 236.9 million, reflecting efficiency gains and higher revenue amid expanding student base and average ticket, mainly in distance learning (ODL).Thompson pointed out that the company's organic growth plan is focused on expanding EAD.According to him, the new government regulatory framework for the opening of distance poles has mad...


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