For the 4th quarter ended 31 March 2009, the Group recorded a net profit after tax of $7.05 million compared to a net profit after tax of $0.05 million last year. As a result, the Group recorded a full-year net profit of $4.4 million compared to a net loss of $3.6 million last year.

The significant improvement in the bottom line resulted mainly from a strong performance in the 4th quarter of FY2009, favourable movements in cost provisions ($6.9 million), lower assets depreciation ($0.8 million) and a reduction in operating expenses ($4.9 million).

For the year, however, the Group registered a revenue of $43.6 million, 9% down from $47.9 million in the previous year.

The deficit in shareholders fund also improved significantly, reducing from $4.8 million last year to $0.6 million. Given that the Group has $26 million in cash and no borrowings; the board is of the opinion that the Group should be able to weather the challenges ahead.

The global economic condition has deteriorated and recovery is uncertain. However, the Group has launched a number of new courses and has a strong programme development pipeline for the current and coming years. These new programmes would broaden the offering of the group and create the impetus for growth. In addition, the group has expanded its international business into a number of new markets and segments.

Informatics is pleased to announce the accreditation of its first partner centre in Male, Maldives. The Mandhu Learning Centre (MLC) has been accredited to deliver the Diploma / Advanced Diploma in Information Technology, and International Diploma / Advanced Diploma in Business Administration.

The Mandhu Learning Centre is one of the leading learning institutes in the Maldives. It was established in 1998 to provide equal learning opportunities for everyone in Maldives.

Informatics is delighted that MLC has introduced the Diploma / Advanced Diploma in Information Technology, and International Diploma / Advanced Diploma in Business Administration into their portfolio and looks forward to a productive and continued relationship with the centre.

Visit by Minister of Foreign Affairs, Mozambique
31 March 2009

His excellency, Mr Oldemiro Baloi, Minister of Foreign Affairs, Mozambique and his staff and delegates visited the Informatics campus in Singapore.

Facilitated by IE Singapore, the Mozambique officials were at Singapore to understand our education system. Our representatives presented to them upcoming plans and products and gave them a better understanding of Informatics as a Private Education Organisation in Singapore.

Visit by University of Grants Commission, Nepal
30 March 2009

The Planning & Program Officer of University of Grants Commission (UGC), Nepal, Mr. Dinesh Mani Ghimire visited the Informatics campus in Singapore, accompanied by our franchise centre Informatics Kathmandu CEO, Mr. Sulav Budhathoki.

Mr. Dinesh was here to better understand Informatics’ new plans and products for 2009, and to learn about our Moderation & Examination processes.

With Informatics Nepal recently awarded the prestigious Higher Education College License, Informatics is now ready to work closely with UGC for future educational developments.

Contract renewal of Informatics centre, Kandy, Sri Lanka
20 February 2009

We were proud to have with us our franchisee from Kandy Sri Lanka in Singapore.
They were here to renew their contract after a successful 10 year investment with the Informatics brand.

With the highly successful partnership, they have plans to upgrade and relocate the Kandy centre to a centralized and high-profile location to provide students with greater convenience.

We look forward to the relaunch of the Kandy centre in May 2009.