G8 EDUCATION PROFIT SOARS
Written on the 27 April 2012
G8 Education has increased its net profit after tax (NPAT) by 396 per cent on the previous year.
At a recent annual general meeting, the Bundall-based childcare centre owner’s chairperson Jenny Hutson (pictured) revealed the mammoth jump in NPAT was from $3.48 million in 2010 to $17.25 million last year.
The company purchased five separate childcare groups in less than two years to own 135 centres across Australia.
In Singapore, it owns 20 centres and 51 franchised childcare centres.
G8 Education shares have risen in value by more than 40 per cent since November 2011 to $0.95.