Troubled education provider Intueri Education Group will miss its full year profit guidance after some Australian government funding failed to come through.
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The vocational training school said the Australian Department of Education and Training had declined its A$6 million funding payment for 2016.
While it said it would appeal that decision, it had revised down its underlying profit forecast to $3.2 m for the year ending in December, from the earlier forecast of $9.5 m.
The company's Australian business has been under threat as authorities there continue to review the performance of a couple of its training schools.
An audit review released in September found Online Courses Australia and Conwal & Associates had failed to meet standards, primarily relating to admissions procedures, assessment practices and learner support resources.
