Last quarter, Masterskill said that the delay in the schedule of new student intake from June to September has affected its financial performance. Its net profit is only at RM5.5mil in 2011Q3, a massive drop compared to RM26mil in 2010Q3 and RM12mil in 2011Q2. Now, could the September intake give a little boost to its 2011Q4 earning, at least?
Earlier this year, Masterskill has announced that it has obtained approval to acquire a 6-storey building in section 19 Petaling Jaya, probably for its business, law, media and hospitality programmes. Besides, it has also received approval from the ministry of higher education to run a new post grad certificate in teaching methodology in its Cheras campus. (Err.. not a popular programme I guess). Masterskill has added more than 10 new programmes in 2011.