Brazilian education firm Kroton expects higher profits in 2015
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)
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