Brazilian education firm Kroton expects higher profits in 2015

martes 19 de mayo de 2015 16:38 GYT

SAO PAULO May 19 (Reuters) - Brazilian private education company Kroton Educacional SA expects to earn 1.44 billion reais ($474 million) in adjusted net profit this year, up 18 percent from 2014, the company said in a securities filing on Tuesday.

Net revenue is expected to rise to 5.21 billion reais in the year from 3.77 billion reais a year earlier, the company said.

Kroton said the forecasts were made assuming no new student financing contracts would be issued this year through the government's Fies program.

($1 = 3.04 Brazilian reais) (Reporting by Asher Levine; Editing by Chris Reese)