Evolve shares jump on 1H profit of $8.4 mln, affirms annual guidance

Sun, 22 Nov 2015

By Sophie Boot Nov. 23 (BusinessDesk) - Evolve Education Group shares jumped to a five-month high after the childcare operator said its first-profit profit was in line with forecast annual earnings. The Auckland-based company reported a net profit of $8.4 million in the six months ended Sept. 30 on revenue of $70.1 million. The company listed in December last year, raising $132.3 million to fund a series of acquisitions, including Lollipops Educare, the in-home childcare Porse Group, Wellington-based I-Kids and Christchurch-based Artemis...

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