Download (PDF) - ChartNexus

More documents

Recommendations

Info

The Group has practiced continuous improvement in the development of education through research and practicing the best methods as well as providing quality educational services through the latest facilities and partnerships with global institutions that share our passion and beliefs. PERFoRManCE REvIEw The group’s revenue took a dip as opposed to the preceeding year. The revenue for 2012 stood at RM148.8 million as compared to RM50.2 million in 2011. The EBITDA for the year 2012 closed at a loss of RM9,205 as opposed to RM64,402 for 2011. The shortfall in student enrollment caused the decline in revenue. The Group’s financial performance for the year was bad, however our balance sheet is strong to weather the challenges. Against this backdrop, the Company will moderately expand business through overseas student recruitment, international school initiative and foreign partnership. oPERaTIonaL REvIEw I am delighted to report that the launching of MEGB’s new flagship campus in Petaling Jaya, Selangor that will mark our commitment to provide higher quality learning opportunities for Malaysians. Masterskill Education Group Berhad / Annual Report 2012 07 The full-fledged campus is equipped with state of the art facilities to provide a range of academic courses, particularly in niche management areas. As for the year under review, the decline in profits was mainly due to lower student enrolment. There were many hurdles that the group had to overcome and the relentless struggles to overcome these obstacles are still ongoing. The PTPTN loan scheme which was reduced from RM60,000 to RM45,000 for each diploma students is just one of the many hurdles in the path of the Group. The decision by the Malaysian Nursing Board to increase the minimum entry requirement for the diploma in nursing programme from 3 credits to 5 credits at the Sijil Pelajaran Malaysia (SPM) was another underlining factor to the obstacles faced by MEGB. As MEGB realized the blistering change in the pace of the macro environment, the Group endeavored to rise to the challenge that would take MEGB to a higher plateau in the educational front. With the recent signing of the MoU between Dr. Lyndon Jones, the Founder Chairman of the Association of Business Executives (ABE), UK with MEGB, AMU and MGC are now able to open their doors to students across Malaysia who are intending to pursue their Certificates to Graduate Diploma levels in ABE which allow students to pursue an MBA qualification.
Masterskill Education Group Berhad / Annual Report 2012 08 CHaiRMan’s MessaGe The signing of the MoU on the 17, December 2012 has opened the window of opportunity for AMU and MGC students intending to pursue their studies in the UK after the completion of their ABE diploma or higher diploma. The ABE qualification is recognized by more than 80 universities across the globe. Another major milestone is that AMU has now joined the ranks of premier institutions around the world that have committed themselves in providing top notch facilities at the AMU Campus. It is our steadfast belief that our delivery of quality education needs to be supported with good facilities for the students. By achieving this Premier Status, awarded by Accreditation Services for International Schools, Colleges & Universities (ASIC), UK. MEGB has become one of the selected universities in Malaysia that has achieved this recognition. AMU has also been given the recognition as one of the private university recognized by the China Government. This recognition has opened AMU doors for China students to purse their studies at AMU Campuses that is in tandem with the Group’s strategy to bring in more international students to its campuses. The Group’s contributions go beyond plain financial objectives and educational opportunities. The Group actively encourages its employees to support and participate in the various community service projects and philanthropic activities. MEGB for the year 2012 had also continuously participated in numerous Corporate Social Responsibility (CSR) activities to make the world a better place for the future generations. dIvIdEndS During the year, the Group paid total dividends of RM65.7 million or 16 sen per share. PRoSPECTS Over the recent year, the Group has undergone many changes including a major restructuring exercise and re-branding. We are now proudly known as aSIA Metropolitan University and Masterskill Global Colleges.
Page 1 and 2: EMBARKING ON NEW HORIZONS Masterski
Page 3 and 4: Masterskill Education Group Berhad
Page 7: Masterskill Education Group Berhad
Page 59 and 60:
Masterskill Education Group Berhad
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Fold this flap for sealing 2nd fold
show all

Download (PDF) - ChartNexus

Create successful ePaper yourself

Delete template?

Save as template?