ADvTECH more than doubles dividend on strong earnings

Private education group, ADvTECH, has reported a significant surge in headline earnings for the year ending 31 December 2021, with a 33% increase. The company's CEO, Roy Douglas, attributes this growth to increased revenue across all divisions, driven by a focus on delivering value to consumers. Despite challenges faced during the pandemic, ADvTECH managed to grow its earnings and profit positions, making the recent results all the more impressive. The company withheld pricing increases in its schools division and took below inflationary increases in its tertiary division, understanding the financial pressures on consumers. By eliminating wastage and duplication within its systems and processes, ADvTECH has been able to extract significant value and enhance its value proposition for consumers. Douglas highlighted the importance of delivering quality education while also being mindful of the cost to consumers. He emphasized the company's commitment to driving efficiency and passing on cost savings in the form of affordable fee increases. ADvTECH's strategy of focusing on value proposition and operational efficiency has resulted in strong financial performance and growth in revenue. The company's long-term vision includes expanding its operations in Africa, but with a cautious and prudent approach to acquisitions and market consolidation. Despite challenges faced in the rest of Africa due to government decisions to close down the academic year, ADvTECH has seen a partial recovery and is optimistic about the future.