Evolve Education lifts annual profit 1.5% on expanding portfolio

Sun, 21 May 2017

By Rebecca Howard May 22 (BusinessDesk) - Evolve Education Group reported a 1.5 percent gain in full-year profit as revenues continued to rise with the childcare operator's expanding portfolio of early childhood education centres. Profit increased to $15.9 million, or 8.9 cents per share, in the 12 months ended March 31 from $15.6 million, or 8.8 cents, a year earlier, the Auckland-based company said in a statement. Revenue rose 9.1 percent to $151.6 million. Total expenses were $128 million, compared with $117 million in the prior year. ...

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