Australia's G8 Education jumps most in over 3 yrs on strong FY23 forecast

G8 Education

19/12/2023 24:14

** Shares of G8 Education  GEM.AX  rise as much as 11.6% to
A$1.110, set for best day since Aug, 2020 - if gains hold 
    ** Education services provider says it expects FY23
operating EBIT (post-lease) to be in the range of A$99 mln to
A$102 mln ($66.37 mln-$68.38 mln) vs A$$80.3 mln reported last
year
    ** Co adds FY23 operating NPAT to be in the range of A$62
mln-A$64 mln vs A$36.6 mln a year ago
    ** Stock marks its highest level since Oct. 25
    ** Stock has fallen about 10% YTD as of last close


($1 = 1.4916 Australian dollars)
    
    

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))