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. 
 

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