G8 Education Limited
(ASX:GEM) says that half year net profit is up 73 per cent on last year.
Net profit after tax came in at $28.2 million on revenues of $311 million.
The big jump in performance was thanks to the acquisition of 88 new centres in the second half of 2014 and 21 centres in the first half of 2015.
G8 is also proposing a takeover of Affinity Education Group Limited
(ASX:AFJ) offering $0.80 per share.
The Group says it has secured a $50 million debt facility that will help finance the takeover.
