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  • G8 Education profits surge amid fee hike increase coinciding with Child Care Subsidy increase, launches share buy back
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Latest Articles

  • G8 Education profits surge amid fee hike increase coinciding with Child Care Subsidy increase, launches share buy back
    G8 Education profits surge amid fee hike increase coinciding with Child Care Subsidy increase, launches share buy back
    • News

  • Revenue increases, occupancy remains flat: G8 carries on with divestments and fee hikes in CY24
    Revenue increases, occupancy remains flat: G8 carries on with divestments and fee hikes in CY24
    • News

  • G8 Education issues 69% profit growth guidance, driven by managing educator wages
    G8 Education issues 69% profit growth guidance, driven by managing educator wages
    • News

  • G8 sells off 31 underperforming childcare centres to Genius Education for reallocation of resources
    G8 sells off 31 underperforming childcare centres to Genius Education for reallocation of resources
    • News

  • Mayfield Childcare reaches settlement to recoup $1 million from former CEO
    Mayfield Childcare reaches settlement to recoup $1 million from former CEO
    • News

  • G8 Education profits surge amid fee hike increase coinciding with Child Care Subsidy increase, launches share buy back
    • News

    G8 Education profits surge amid fee hike increase coinciding with Child Care Subsidy increase, launches share buy back

    In a period marked by government initiatives aimed at making child care more affordable for families, nationwide operator G8 Education (ASX: GEM) has reported strong profit growth, benefiting from timely alignment between subsidy policies and the financial realities of child care services.  For the Half Year ended 30 June 2024, G8 Education, which operates over

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    Public
  • Revenue increases, occupancy remains flat: G8 carries on with divestments and fee hikes in CY24
    • News

    Revenue increases, occupancy remains flat: G8 carries on with divestments and fee hikes in CY24

    After increasing fees following an uptick in childcare subsidies for parents and reducing wages, early childhood care provider G8 Education (ASX: GEM) ended CY23 on a high. The Company reported a 9.1% increase in revenue, reaching $983.4 million, alongside a 53.1% rise in Statutory NPAT to $56.1 million compared to CY22. This growth was primarily

    Read More
    Public
  • G8 sells off 31 underperforming childcare centres to Genius Education for reallocation of resources
    • News

    G8 sells off 31 underperforming childcare centres to Genius Education for reallocation of resources

    Early education provider G8 Education (ASX: GEM) has signed a conditional agreement to sell 31 centres to TAK Operations, part of the private national childcare provider Genius Education Group. What’s more, G8 will pay $26.5 million to Genius, comprising transaction costs and adjustments, with the funds to be allocated across its 31 centres. The 31

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    Public
  • G8 Education closes $40m share buyback on completion of nationwide childcare restructure to slash expenses
    • News

    G8 Education closes $40m share buyback on completion of nationwide childcare restructure to slash expenses

    As a new CEO, there’s usually a lot on the line—it’s probably why you’re brought in in the first place. This was a time to prove his merit for early education and care provider G8 Education’s (ASX: GEM) CEO Pejman Okhovat. And so he did with a $40 million on-market buyback, wherein the Company repurchased

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    Public
  • Existential childcare crisis: G8 Education appoints discount retail boss as CEO
    • Opinion

    Existential childcare crisis: G8 Education appoints discount retail boss as CEO

    A secret war is taking place across Australia’s childcare industry and despite their struggles on the battlefield, G8 Education (ASX: GEM) is doubling down by appointing a new CEO who once again, has zero experience in early childhood education.  Since the onset of COVID, the pandemic has wreaked havoc on Australia’s childcare industry through a

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    Public

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