Fed tender change to hit earnings: Navitas

Navitas expects an earnings hit after being told the federal government intends to cut the regions in which it delivers the Adult Migrant English Program.

Education services provider Navitas expects its earnings to fall by at least $12 million next financial year if the federal government reduces the number of regions the company is contracted to teach English to migrants

Chief executive Rod Jones says earnings are likely to fall between $12 million and $14 million, but the company will understand the full impact of proposed changes to its tender to deliver the Commonwealth's Adult Migrant English Program by April 4.

"The proposed reduction in contract regions is disappointing news as Navitas has been delivering this important program to a high standard since 1998," Mr Jones said in a statement on Monday.


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Source: AAP


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