$1.5-Million Quarterly Record at United Education & Software
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United Education & Software reported record earnings in the fourth quarter ended Jan. 31 that more than tripled the profit earned a year earlier.
The Encino-based operator of trade schools said its profit rose to $1.5 million, or 44 cents a share, contrasted with $397,000, or 13 cents a share, a year earlier. Revenue was up 93% to a record $25.8 million, compared to $13.4 million a year ago. Company president Aaron Cohen attributed the gains to the acquisition and opening of new schools.
Cohen also said the company will split its stock 3 for 2, with a 50% stock dividend payable April 14 to its shareholders of record March 31.
For the fiscal year ended Jan. 31, UES said it earned a record $4.4 million, or $1.27 a share, contrasted with $1.7 million, or 55 cents a share, a year earlier. Revenue was a record $80.7 million, contrasted with $37 million a year ago.
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