Evolve says on track for 1H profit of $7m before non-recurring items

Mon, 06 Nov 2017

By Rebecca Howard Nov. 7 (BusinessDesk) - Evolve Education said it is on track to post a first-half profit of $7 million not including a non-recurring expense item of $3 million. At the annual shareholders meeting in August, Evolve Education forecast first-half profit of $7 million, down 14 percent from a year earlier. According to the early childhood education centre operator, its Porse In-Home Childcare subsidiary had been in discussions with Internal Revenue regarding the GST treatment of certain payments made to home-based educat...

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