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Global Education Communities Corp T.GEC

Alternate Symbol(s):  GECSF

Consumer Defensive Education & Training Services
Global Education Communities Corp. is a Canada-based education and student housing investment company. The Company is focused on the domestic and global education market. The Company operates business and language colleges, student-centric rental apartments, recruitment centers and corporate offices at 41 locations in Canada and abroad. Its education subsidiaries include Sprott Shaw College Corp., Sprott Shaw Language College, Vancouver International College Career Campus, and CIBT School of Business & Technology Corp. It offers over 150 educational programs in healthcare, business management, e-commerce, cyber-security, hotel management, emergency paramedic, and language training through these schools. It owns Global Education City Holdings Inc., an investment holding, and development company focused on education-related real estate. It also owns Global Education Alliance Inc. and Irix Design Group Inc. It serviced over 14,277 domestic and international students.


TSX:GEC - Post by User

Global Education Communities Corp
Bullboard Posts
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Post by lastpickon Apr 23, 2018 7:40am
91 Views
Post# 27924830

Question About Financials

Question About FinancialsCan anyone explain this statement:

"CIBT reported net income of $6.80 million in Q1-FY2018, versus $5.66 million in Q1- FY2017. After deducting non-controlling interests, CIBT reported net income of $0.72 million (EPS: $0.01) in Q1-FY2018, versus $5.21 million (EPS: $0.08) in Q1-FY2017. The lower EPS was primarily because of restructuring expenses associated with KGIC, and the fact that the company did not report any revenues from development fees in the last quarter."

Where does the "non-controlling interests" of $6.08 million go?

Anyone please?
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