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BRIEF-G8 Education Posts FY Statutory Loss After Tax Of $187 Mln

Published 23/02/2021, 09:12 am
© Reuters.

Feb 23 (Reuters) - G8 Education Ltd GEM.AX :

* FY STATUTORY LOSS AFTER TAX $187 MILLION

* EXPECTS CY21 TO BE A RECOVERY YEAR

* DIVIDEND REMAINS TEMPORARILY SUSPENDED, WITH POLICY TO BE REVIEWED IN AUGUST 2021

* CAPEX DEFERRED FROM CY20 OF $10M WILL BE RELEASED IN CY21, TAKING EXPECTED TOTAL TO $50M TO $65M

* FY TOTAL REVENUE $788.1 MILLION VERSUS $920.6 MILLION

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