G8 Education, with 430 childcare centres, has lifted fees 4.5%.
Profits up despite occupancy levels falling, pointing to efficiency gains.
Remuneration package for new CEO hits $3m.
G8 Education, the country’s largest sharemarket-listed childcare provider, has pushed through a 4.5 per cent fee increase and bestowed a record $3 million pay package on its new chief executive Pejman Okhovat.
The fee increases at the Gold Coast-headquartered group, which has more than 400 centres, were linked to higher wage and supply costs. The company did not rule out the price rise flowing to its profits, increasing margins.
Loading...
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
