The biggest listed player in childcare posted better profit results. But after years in the shareholder doldrums, many hurdles to consistent profit loom.
Lauren Bolster read the email from her four-year-old daughter’s childcare centre and was left exasperated, again.
It was in January and ASX-listed G8 Education, which runs an Adelaide centre among 430 facilities with names like Penguin Childcare or Casa Bambini, was raising fees by 4.5 per cent. That marked the fifth rise since January 2022 and meant Bolster would shell out $159.50 a day.
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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
