IDP Education has flagged a sharp drop in foreign student placements, hit by a growing wave of governments setting tougher limits on immigration, sending its share price sharply lower.
The Melbourne-based company said student numbers were likely to be 28 to 30 per cent lower than expected, and earnings were also under pressure from weaker volumes in its English-language testing business.
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Julie Hare is the Education editor. She has more than 20 years’ experience as a writer, journalist and editor. Connect with Julie on Twitter. Email Julie at julie.hare@afr.com