NOVA LIMA, Brazil (AP) — NOVA LIMA, Brazil (AP) — Afya Ltd. (AFYA) on Wednesday reported third-quarter net income of $28.5 million.
On a per-share basis, the Nova Lima, Brazil-based company said it had profit of 31 cents. Earnings, adjusted for amortization costs and non-recurring costs, came to 38 cents per share.
The medical education company posted revenue of $170.4 million in the period.
Afya expects full-year revenue in the range of $673.7 million to $692 million.
Afya shares have decreased 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.45, a fall of 18% in the last 12 months.
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