EVOLVE EDUCATION GRO

EVO
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Evolve Education : Swings to Fiscal H1 Profit on Lower Employee Benefits Expense; Shares Slip 8%

11/26/2020 | 08:37pm
(MT Newswires) -- Evolve Education Group (ASX:EVO, NZE:EVO) posted a fiscal first-half post-tax profit attributable to shareholders of NZ$6.2 million ($4.3 million), or NZ$0.007 per share, reversing a loss of NZ$1.4 million, or NZ$0.002 per share, a year earlier.

The day care services provider’s revenue for the six months ended Sept. 30 declined year over year to NZ$65.2 million from NZ$69.2 million, according to a Friday news release.

Employee benefits expense fell to NZ$31.6 million from NZ$44.9 million.

Evolve Education Group slumped 8% in recent trade on the Australian bourse.

Price (AUD): $0.17, Change: $-0.02, Percent Change: -8.33%

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