Aptech receives a dividend of Rs. 50.3 crore from its Chinese investment
Aptech Limited, the global career education and training company, has informed the stock exchanges that its wholly owned subsidiary company has received a dividend of an amount of US$ 11,202,479 (equivalent to approximately Rs. 50.3 crore) from BJB Career Education Co. Ltd. of China. Aptech owns 22.4% stake in BJB Career Education, which is the leading vocational training company of China in the field of Information Technology.
“With the receipt of Rs. 50.3 crore now and Rs. 32.6 crore in February 2011 as dividend from BJB Career Education, Aptech’s balance sheet has been substantially strengthened. The company now has sufficient internal resources to invest in growing its existing businesses and explore newer growth opportunities,” said Ninad Karpe, MD & CEO, Aptech Limited.
At the end of fiscal year 2010-11, the Company had Cash & Cash Equivalents of Rs. 47 crore and Current Investments of Rs. 10 crore without any debt on its balance sheet.
About Aptech Limited
Aptech commenced its education & training business in 1986 and has trained over 6 million students – globally. Aptech is an ISO 9001:2000 organization and the first IT Training and Education company to get this certification for Education Support Services in 1993. Aptech has presence in 40+ countries through its two main streams of businesses – Individual training and Enterprise Business. As a leader in career & vocational education, it has over 1300+ centres of learning all across the geography.
Under Individual Training, Aptech offers career and professional training through its Aptech Computer Education, Arena Animation & Maya Academy of Advanced Cinematics (both in Animation & Multimedia), Aptech Hardware & Networking Academy, Aptech Aviation & Hospitality Academy and Aptech English Learning Academy brands. Corporate Services include Content Development (Aptech Learning Services), Training and Assessment Solutions for Corporates & Institutions (Aptech Training Solutions, Aptech Assessment & Testing Solutions).
For further information on Aptech Limited, please visit our website at www.aptech-worldwide.com
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