This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CIBT Reports Fiscal Year 2012 Financial Results

Stocks in this article: MBA

Despite the global economic uncertainties and negative investor sentiment toward the private education industry, CIBT’s fiscal 2012 results of operations show a positive trend. CIBT Group foresaw the troubling development trend since 2008 and implemented a series of strategies to deal with some of the most common obstacles that the U.S. private Education sector is facing today, including high default rates and tightening of student loans. Our most significant accomplishments during the past 4 years include our:

  • global expansion and reduced reliance on any single student loan program
  • addition of new partners or operations in the United States, China, Vietnam and Korea
  • diversified income sources internationally, in advance of our industry peers
  • establishment of a fully experienced international team and infrastructure
  • addition of language schools to our global infrastructure, which have served as our platform for international expansion with excellent cash flow and no student loan requirement
  • addition of our very own Global Career Center to ensure job placement for our graduates
  • addition of overseas campuses, thereby allowing us to deliver our programs to students who cannot come to us
  • development of our own Global Learning Network for effective delivery of educational programs
  • acquisition of core assets which added tremendous value and at reasonable valuation
  • entry into the Junior and High School sectors and addition of Children English programs to our list of programs, both of which are non-student loan dependent income streams for our business

These initiatives are mostly catered to the international market and contributed to increased international student revenues of $4.7 million during Fiscal 2012. These exciting initiatives were conducted while we were streamlining our operations and reducing operating costs, resulting in decreased general and administrative expenses of $3.3 million during Fiscal 2012. Our management team achieved these results when the global economy continued to retract and the economic outlook remained pessimistic during the period.

3 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs