Evolve hires new CEO as Porse impairments push it into the red

Mon, 28 May 2018

By Sophie Boot May 28 (BusinessDesk) - Evolve Education Group sank into the red as it booked previously signalled impairment charges to its Porse in-home childcare unit, having twice downgraded guidance. The Auckland-based early childhood education group also appointed a new chief executive. Earlier this month, Evolve warned underlying earnings would be $12 million in the year ended March 31, a figure it confirmed today, down from $15.9 million a year earlier and within guidance for underlying profit of between $11 million and $12 million...

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