Queensland based childcare and education operator, G8 Education Limited
(ASX:GEM) has acquired three childcare and education centres in Victoria for $6.2 million, boosting the number of centres it owns to more than 130.
The acquisition will be funded from existing cash and bank finance facilities.
G8’s Managing Director says the acquisition continues its expansion into Victoria.
The three centres are expected to contribute to earnings before interest and tax post settlement.
Separately, the company announced it increased its quarterly dividend from 1.5 to 2 cents per share.
G8 generated a net profit of $6.8 million in the first half of the 2012 financial year.
