KUALA LUMPUR: Masterskill Education Group Bhd (MEGB) net profit for the third quarter ended Sept 30, 2010 fell 21.9% to RM26.19 million from RM33.52 million a year earlier, due to higher operational overheads in line with its expansion.

MEGB said on Monday, Nov 22 revenue was 10.9% higher at RM80.68 million from RM72.74 million a year ago.  Earnings per share were nine sen per share while net assets per share was RM1.20.

However, for the nine months ended Sept 30, MEGB's net profit rose 6.5% to RM75.3 million from RM68.76 million in the previous corresponding period, mainly due to the increase in its student numbers from 16,801 in September last year to 17,613 in September this year.