Australia's G8 Education hits 2-year high on strong FY results

G8 Education

27/02/2024 02:26

** Shares of G8 Education  GEM.AX  rise as much as 15.2% to
A$1.290, their highest since Feb. 28, 2022
    ** Shares last up 11.8%, set for best day since Dec. 19, if
gains hold
    ** The childcare center operator says FY statutory NPAT up
53.1% to A$56.1 mln ($36.66 mln)
    ** Says FY group revenue up 9.1% 
    ** Declares fully franked final dividend of 3.0 Australian
cents per share 
    ** Trading volumes 7.7 times the 30-day avg of 554,527
shares
    ** As of last close, stock down 5.1% this year


($1 = 1.5302 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))