News
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PRESS RELEASE
Global Education Communities Corp. Reports Normal Course Issuer Bid
Global Education Communities Corp. (TSX:GEC)(OTCQX International:GECSF) has received approval from the TSX to start a normal course issuer bid to repurchase up to 1,000,000 common shares. The bid aims to reflect the true value of the company's business -
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PRESS RELEASE
Global Education Communities Corp. to Participate in Student Housing & University Real Estate Initiative "SHURE" Conference
Global Education Communities Corp.'s Chairman and CEO, Toby Chu, to present at SHURE Conference on March 26-27, 2024, discussing student housing market insights and investment opportunities -
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PRESS RELEASE
Global Education Communities Corp. Reports Fiscal 2024 First Quarter Financial Results
Global Education Communities Corp. (GECC) has reported its consolidated financial statements and management's discussion and analysis for its first quarter of fiscal 2024. The company's total revenue has increased by 21% year-over-year, with significant growth in its international and domestic education businesses as well as student housing revenue. GECC's net income before income tax reached $9.13 million, and EBITDA increased to $15 million, an increase of 250% from the same period in the previous year. The company also remains optimistic about potential rate decreases in the coming quarters, which could positively impact its real estate services division. For more information, visit www.GEChq.com.
