Edufocal Group is reporting a steep reduction in its loss to $10.4 million, on revenues of $55 million, during the nine-month period, which ended on September 30 of last year.
This was a big decline when compared with the net loss of $54.5 million on revenues of $82.9 million during the same period of the prior year.
This was mainly due to an operating profit of $12.6 million during the year 2025, compared with an operating loss of $24.2 million generated during the same period of the year 2024.
Administrative expenses tumbled to $24.2 million last year from $91 million during the same period of the previous year.
Chairman Harry Campbell said the latest report demonstrated a change in the company's direction.
He also stressed that the company wanted to be transparent, while indicating that it will be speaking with its stockholders and the general public more often.
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