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Centres, La Petite Academy, 원어민화상영어Montessori Unlimited and Tutor Time Child Care/Learning Centers. In the UK, it is primarily active through the Busy Bee network. In FY07, ABC reported net sales of A$1696.4m, with an operating margin of 17.4% and net income of A$143.1m. 원어민화상영어 Benesse Corp Benesse Corp (TYO:9783) is a Japan-based educational service provider offering home-study courses, English-teaching materials and practice tests for university entrance examinations and English proficiency exams. It publishes magazines and operates websites, as well as offering a home-delivery food service. Benesse if further 원어민화상영어 involved in aged care provision, including nurse training and recruitment. The company is also engaged in telemarketing and information processing service businesses, as well as the development and sale of systems. It has 31 subsidiaries and two associate companies. Net sales for FY07 were ¥354.6bn, with an operating 원어민화상영어 margin of 41.7% and net income of ¥18.2bn. MegaStudy Megastudy (KDQ:072870) is a Korea-based company providing education services through video-on-demand online classes and study aids. Offline education services and provided by its network of institutes. In the year top December 2997, online service accounted for 68% or revenue, with offline making up the remainder. Megastudy acquired in November 2007 an 86.96% stake in a 원어민화상영어 Korea-based company engaged in the dental education. For FY06, it reported revenue of W101.2bn, with an operating margin of 31.9% and a net income of W26.4bn. Anhanguera Educacional Participações Founded in 1994, 원어민화상영어 Anhanguera Educacional Participações (SAO:AEDU11) is one of the leading private, for-profit postsecondary education companies in Brazil. It offers 48 degree programmes, primarily at the bachelor 원어민화상영어 level, in business, law, engineering, health, and other applied social sciences. As of end-December 2007, it had 19 campuses with enrolment of 50,000. Devry DeVry (NYSE:DV) owns and operates through its wholly-owned 원어민화상영어 subsidiaries DeVry University, Ross University, Chamberlain College of Nursing, and Becker Professional Review, which prepares students for certified public accountant (CPA) and chartered financial analyst (CFA) 원어민화상영어 examinations, as well as continuing professional education programmes and seminars. In November 2007, DeVry acquired Advanced Academics Inc (AAI), a provider of online secondary education. For the year ending June 2007, Devry reported revenue of US$933.5m, with an operating margin of 10.9% and net income of US$76.19m. www.abclearningcentres. com ovider of postsecondary degree programs in the US with some 93 accredited technical institutes in 34 states serving 49,000 students. In the year to December 2007, ITT reported revenue of US$869.5m, with an operating margin of 27.8% and net income of US$151.6m. Career Education Corp Career Education Corp (CEC) (Nasdaq:CECO) is an educational services company operating in six segments, with 71 on-ground campuses serving over 98,000 students across the US, France, Canada, Italy and the UK. Schools include the International Academy of Design and Technology, Le Cordon Bleu and Kitchen Academy and Sanford-Brown in health education, as well as the American Intercontinental University (AIU) and Colorado Technical University CEC is active in the development of a range of short-term online learning and informational programs that generate revenue through the sale of products, premium digital content and advertising space. In the year to December 2006, CEC reported revenue of US$1785.6bn, with an operating margin of 9.3% and net income of US$46.6m Indian education 14 March 200 107 Notes The CLSA Group, CLSA's analysts and/or their associates do and from time to time seek to establish business or financial relationships with companies covered in their research reports.