South Africa-based recruitment firm AdvTech (ADH: SJ) published a trading statement for the year ended 31 December 2023.

“We are pleased with enrolments for 2024 for both the schools and tertiary divisions that are tracking in line with targets and continuing their trend of good growth,” the company stated.

Basic NEPS (normalised earnings per share) for the year ended 31 December 2023 is expected to be between 17% and 22% higher than the comparative reporting period for the year ended 31 December 2022.

Basic earnings per share for the year ended 31 December 2023 is expected to be between 14% and 19% higher than the comparative period.

The company added that all divisions contributed to the group’s performance.

AdvTech expects to publish results for the year ended 31 December 2023 on or about 25 March 2024.

Advtech shares set a new 52-week high during today's trading session when it reached ZAR 2,900.00 (USD 153.67). Over this period, the share price is up 65.51%. the company last traded at ZAR 2,822 (USD 149.53), up 1.51% on the day. The company has a market cap of ZAR 15.42 billion (USD 817.08 million).