NOVA LIMA, Brazil (AP) — NOVA LIMA, Brazil (AP) — Afya Ltd. (AFYA) on Monday reported second-quarter net income of $16.7 million.

The Nova Lima, Brazil-based company said it had net income of 19 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 29 cents per share.

The medical education company posted revenue of $144 million in the period.

Afya shares have declined 6% since the beginning of the year. In the final minutes of trading on Monday, shares hit $14.66, a rise of 15% in the last 12 months.

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