Evolve posts smaller FY loss than forecast as settlements beat expectations

Sun, 24 May 2015

By Paul McBeth May 25 (BusinessDesk) - Evolve Education Group, the childcare operator that listed in December, reported a smaller annual loss than forecast in its offer document as it settled a series of acquisitions faster than anticipated, driving higher revenue. The Auckland-based company reported a net loss of $8.1 million, or 12.9 cents per share, in the period May 20, 2014 to March 31, 2015, smaller than the $9.5 million forecast in its November prospectus. Underlying earnings before interest, tax, depreciation and amortisation of $...

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