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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  IDP Education Limited    IEL   AU000000IEL5

IDP EDUCATION LIMITED

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IDP Education : launches student placement service in Lebanon in partnership with Netcom Systems

09/01/2017 | 02:43am EST

Students from Lebanon will now be able to fulfil their dreams of overseas study with one of the world's leading international education specialists, following the announcement of a new partnership between Netcom Systems Testing and IDP Education.

IDP Education is the global leader in international student placement services, with a network of more than 90 placement centres in 32 countries around the world.

The student placement partnership builds on a close relationship between the two education service providers. For the past two years, Netcom has partnered with IDP Education in Beirut to deliver IELTS, a leading English language test that is co-owned by IDP Education.

Under the new agreement, Netcom Systems will expand its services to assist Lebanese students in gaining entry into leading universities and colleges in the top English-speaking destinations: USA, UK, Canada, Australia and New Zealand.

IDP Education Country Director Sabry Shehata said the agreement will provide great opportunities for students in the region to achieve their global study ambitions.

'IDP Education welcomes the partnership with Netcom Systems. This initiative will enable Lebanese students to experience a unique educational counselling service, which can assist them with their plans to study aboard and benefit from international opportunities,' he said.

With a highly-trained team of educational counselors, Netcom Systems will offer students and their families unbiased advice on available study programs to suit their needs. A personal education counsellor will guide the student step-by- step to understand admission requirements for the different programs, prepare and submit applications and supporting documents, and receive and accept the admission offer.

The services will also include support to prepare visa applications, accommodation arrangements and a pre-departure briefing to prepare the students for a smooth transition in their study destination.

'We are looking forward to beginning our work with Netcom Systems - we believe students will immediately begin to see the benefits that this partnership,' Mr Shehata.

Idp Education Ltd. published this content on 01 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 September 2017 06:42:04 UTC.


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Sales 2021 579 M 449 M 449 M
Net income 2021 61,5 M 47,7 M 47,7 M
Net cash 2021 246 M 191 M 191 M
P/E ratio 2021 123x
Yield 2021 0,60%
Capitalization 7 370 M 5 731 M 5 713 M
EV / Sales 2021 12,3x
EV / Sales 2022 8,90x
Nbr of Employees 1 684
Free-Float 59,2%
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Number of Analysts 9
Average target price 27,59 AUD
Last Close Price 26,48 AUD
Spread / Highest target 21,1%
Spread / Average Target 4,20%
Spread / Lowest Target -43,4%
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Managers and Directors
NameTitle
Andrew Barkla Chief Executive Officer, MD & Executive Director
Murray Walton Chief Financial Officer & Secretary
Peter Leith Polson Chairman
Harmeet Pental Chief Operating Officer
Ariane Barker Independent Non-Executive Director
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