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G8 EDUCATION LIMITED — Earnings Release 2011
Feb 26, 2012
64978_rns_2012-02-26_d8f6bd77-6a5b-4639-aa15-2145928583f6.pdf
Earnings Release
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ASX Announcement
G8 Education Limited (ASX:GEM)
27 February 2012
Record Full Year Audited Result
G8 Education Limited (ASX: GEM) is pleased to announce audited results for the 12 months to 31 December 2011.
| Audited Full | Audited Full | ||
|---|---|---|---|
| Year 2010 | Year 2011 | ||
| Results | Results | ||
| $AUD | $AUD | % | |
| million | million | Change | |
| Revenue | 66.55 | 142.90 | 115% |
| Expenses | (59.68) | (118.02) | 98% |
| Earnings Before Interest | 6.87 | 24.88 | 262% |
| and Tax | |||
| Interest | (1.32) | (2.19) | 66% |
| Net Profit Before Tax | 5.55 | 22.69 | 309% |
| Non-recurring abnormal transactions |
1.04 | (3.34) | - |
| Underlying Net Profit | 4.52 | 13.91 | 208% |
| After Tax |
NPAT (after adjustments) was $13.91 million - a 208% increase over 2010. Revenue was $142.90 million - a 115% increase over 2010.
| % | |||
|---|---|---|---|
| 2010 | 2011 | Change | |
| Weighted Average | 108.8 million | 186.0 million | |
| Number of shares on | |||
| issue | |||
| Earnings per share based on underlying NPAT |
4.15 cents | 7.48 cents | 80% |
Underlying earnings per share was 7.48 cents - an increase of 80% over underlying earnings per share for 2010.
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]
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ASX Announcement
G8 Education Limited (ASX:GEM)
Actual against Guidance for full year ended 31 December 2011:
| Calendar Year | Audited Full | ||
|---|---|---|---|
| 2011 Guidance1 | Year 2011 Results | % | |
| $AUD million | $AUD million | Change | |
| Revenue | 132.35 | 142.90 | 8% |
| Expenses | (112.09) | (118.02) | 5% |
| Earnings Before Interest and Tax | 20.26 | 24.88 | 23% |
| Interest | (1.90) | (2.19) | 15% |
| Net Profit Before Tax | 18.36 | 22.69 | 24% |
| Non-recurring abnormal transactions | - | (3.34) | - |
| Net Profit After Tax | 12.79 | 13.91 | 9% |
NPAT after adjustments at $13.91 million represents a 9% increase over guidance of $12.79 million. Revenue was $142.90 million - 8% increase over guidance of $132.35 million.
G8 Education is pleased to announce that operating conditions remain strong.
Managing Director Chris Scott said: ‘The result for the 2011 full year is excellent. It shows that, operationally, G8 Education is delivering for all stakeholders. Our team has integrated, and continues to integrate, a significant number of child care service businesses in a way that exceeds expectations. G8 Education continues to perform strongly and is well positioned for further growth through acquisitions’.
1 As announced via the ASX on 27 July 2011 and reaffirmed on 7 November 2011.
ENDS
Chris Scott Managing Director
- ASX Release, GEM, 27 July 2011, 7 November 2011
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]