G8 Education (ASX:GEM) has released details from their 2018 Annual General Meeting.
They noted increased supply of childcare places and their focus on growing occupancy.
In 2017 the level of supply growth exceeded demand growth by around 2.5 per cent.
While the supply/demand imbalance is projected to persist until June, the implementation of the new Child Care Funding package is forecast to increase demand from July 2018.
This analysis confirms that 95 per cent of existing G8 families will be better off under the new funding package, with a significant proportion of these families having substantial reductions in their out of pocket costs, allowing for increases in day care at no or little extra personal expense.
Shares in G8 Education (ASX:GEM) are down 3.2% to $2.41.