Brazil's Afya Posts 23% Revenue Growth In Q2 Aided By Higher Tickets In Medicine Courses
Portfolio Pulse from Shivani Kumaresan
Afya Ltd reported Q2 FY23 sales growth of 23.6% YoY to $143.88 million, beating the analyst consensus. Digital services revenue increased 28.2% QoQ. Adjusted EBITDA increased 21.8% YoY with an adjusted EBITDA margin of 37.7%. Adjusted EPS climbed 11.8% to R$1.42. The company reaffirmed its FY23 outlook. AFYA shares closed higher by 0.83% at $14.66 on Monday.
August 29, 2023 | 10:48 am
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Afya Ltd reported strong Q2 FY23 results, beating analyst consensus. The company also reaffirmed its FY23 outlook. AFYA shares closed higher by 0.83% at $14.66 on Monday.
Afya Ltd reported strong Q2 FY23 results, with sales growth of 23.6% YoY and an increase in digital services revenue of 28.2% QoQ. The company also reaffirmed its FY23 outlook, indicating confidence in its future performance. This positive news likely contributed to the increase in AFYA's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100