Australia's G8 Education rises, RBC says YTD profit slightly ahead of expectation

G8 Education

13/12/2022 24:37

** Shares of G8 Education  GEM.AX  climb as much as 2% to
A$1.020, their highest since Nov. 3
    ** Education services provider posts year-to-date operating
NPAT (net profit attributable) of A$41 mln ($27.70 mln), down 5%
on prior corresponding period
    ** Co says revenue and earnings improved from Q2 onwards,
reflecting the recovery in occupancy and cost control
    ** Analysts at RBC Capital Markets say GEM's YTD NPAT is
tracking slightly ahead of expectations, assuming December 2022
trades similar to pcp
    ** As of last close, stock down 9.9% this year
($1 = 1.4804 Australian dollars)
 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))