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G8 EDUCATION LIMITED — Earnings Release 2012
Aug 26, 2012
64978_rns_2012-08-26_a27ba80b-2711-41cd-8118-3738d8c285bf.pdf
Earnings Release
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ASX Announcement
G8 Education Limited (ASX:GEM)
27 August 2012
Financial results for the half-year ended 30 June 2012
Highlights
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Revenue: $78.02m, up 29%
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Net Profit after tax: $6.78m, up 81%
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Underlying Net Profit after tax: $6.43m, up 44%
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Earnings per share: 3.37cents, up 66%
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Annual Dividend: 6.0 cents, fully franked, paid quarterly
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Net operating cash flow: $8.03m, up 139%
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144 owned centres in Australia and Singapore, with a further 63 managed / under franchise in Singapore
In announcing the result, G8 Education Ltd’s Managing Director, Chris Scott said: “The result for the 2012 half-year was pleasing, and reflects both organic growth in G8 Education’s existing childcare centres and the positive contribution of recent acquisitions.”
Chris Scott said: “In the 2012 calendar year to date, G8 Education has continued to expand its portfolio of childcare and early learning centres, adding a further 380 licensed places with the acquisition of the Glen Gala centre and, more recently, the settlement of the premium Casa Bambini group.”
The group’s acquisitive outlook had received support from shareholders and financiers, with the group activating a new three year $50.0m senior debt facility with the Bank of Western Australia in June 2012.
G8 Education also continued to pursue its strategy of divesting underperforming centres, with a centre divested in the first half of 2012, and a small number identified for divestment in the upcoming half.
The strong financial performance has enabled a 50% increase in the Group’s annual dividend, from 4 cents per share per annum to 6 cents per share per annum, fully franked.
The increase in dividend, announced on 27 February 2012, took effect with the payment of the interim dividend in April 2012.
ENDS Chris Scott Managing Director
G8 Education Limited | ACN 123 828 553 A Suite 27 Pegasus Centre, 42 Bundall Road, Bundall QLD 4217 P PO Box 7092 Gold Coast MC QLD 9726 P 07 5581 5300 F 07 5581 5311 W www.g8education.com E [email protected]