G8 Education shares rally on outlook

Company News

by Jessica Amir

Child care services firm, G8 Education (ASX:GEM) advised its earnings for the 2018 calendar year will be in line with market consensus.

It comes as G8 Education advised its EBIT will be between $136 and $139 million.

It takes into consideration that wages are tracking in line with expectation. It also factors in that Brownfields centres are below expectations.

Shares in G8 Education (ASX:GEM) are 8.92 per cent higher to $2.63, hitting a six month high earlier in the session. 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.