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Afya Limited Reports Strong Q1 Growth in 2024
Company Announcements

Afya Limited Reports Strong Q1 Growth in 2024

Afya Limited Class A (AFYA) has released an update.

Afya Limited, a leading Brazilian medical education and practice solutions provider, reported a robust first quarter in 2024 with significant growth across key financial metrics. The company’s net revenue saw a 13.3% increase, the adjusted EBITDA grew by 20.5%, and net income surged by 76.9%, reflecting strong operational performance and market leadership. The financial health of Afya is further underscored by a solid cash position and the strategic expansion of their ecosystem, including the acquisition of Unidompedro and Faculdade Dom Luiz, adding 300 operational medical seats.

For further insights into AFYA stock, check out TipRanks’ Stock Analysis page.

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