Evolve narrows 1H loss, slashes annual forecast

By Jenny Ruth | Fri, 29 Nov 2019


Preschool education provider Evolve Education Group narrowed its first-half loss amid declining attendance, a board and executive shake-out and "aggressive, positive change."Evolve has also downgraded its guidance for full-year underlying earnings before interest, tax, depreciation and amortisation, which was provided in May when it announced a $63.5 million capital raising, by 29-41 percent. That could be more because it doesn't include any contribution from recently acquired Australian centres. The company reported a $1.4 million net los...