text: [{"text_idx": "#000006", "text": "In a bourse filing today, the private tertiary education provider attributed the earnings setback to rising costs and increased finance-related expenses."}, {"text_idx": "#000007", "text": "Revenue for the quarter saw an 11.08% contraction to RM47.49 million from RM53.41 million a year earlier."}, {"text_idx": "#000008", "text": "Compared to the preceding quarter, net profit saw a 48% drop from RM4.6 million in Q1 FY2023 while revenue saw a slight uptick of 3.25%, increasing from RM46 million. This growth was attributed to an influx of new student admissions during the latter half of 2023 (H2 FY2023)."}, {"text_idx": "#000009", "text": "For the first half ended June 30 (H1 FY2023), net profit slumped 66% to RM6.99 million from RM20.59 million in the same period last year. Revenue saw a 13.72% drop to RM93.49 million from RM108.36 million a year ago."}, {"text_idx": "#000010", "text": "The group also attributed the drop in Q2 earnings to the substantial number of postgraduate foreign students graduating from SEGi institutions in preceding financial cycles. As a result, both the revenue and profit downturns were influenced by these graduating cohorts, it noted."}, {"text_idx": "#000011", "text": "The rising expenses incurred were primarily linked to the increased depreciation of right-of-use assets and lease interest expenditures, which were direct consequences of revised lease terms for various campus buildings."}, {"text_idx": "#000012", "text": "Its earnings per share (EPS) dropped to 0.20 sen from the previous year\u2019s 0.97 sen."}, {"text_idx": "#000013", "text": "SEGi, which operates the SEGi Group of Colleges, was set up more than four decades ago. It has five campuses in the Klang Valley, Penang and Sarawak with a total of about 16,000 students, with 40% international students from 85 nations alongside 9.1% of foreign faculty staff."}, {"text_idx": "#000014", "text": "According to a filing on May 8, group managing director Clement Hii is SEGi\u2019s largest shareholder with a direct stake of 32.4%, and a 24.4% indirect stake through Pinnacle Heritage Solutions Sdn Bhd."}, {"text_idx": "#000015", "text": "SEGi\u2019s shares closed unchanged at 65.5 sen today, giving the group a market capitalisation of RM822.78 million."}, {"text_idx": "#000017", "text": "BYD 1H profit increased by 204.7%, revenue up 72.7%"}, {"text_idx": "#000018", "text": "China\u2019s hog farmers to return to profit by end of Q2"}, {"text_idx": "#000019", "text": "BYD records RM10.6 billion net profit in 2022, up 403% from 2021; targets sales of 3.6 million units for 2023"}]