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G8 Education profit misses consensus by 24.1% in H1

G8 Education Ltd said its first-half normalized net income amounted to 7 Australian cents per share, compared with the S&P Capital IQ consensus estimate of 9 cents per share.

EPS climbed 39.5% year over year from 5 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$23.5 million, a gain of 60.5% from A$14.7 million in the year-earlier period.

Total revenue rose 63.3% year over year to A$305.7 million from A$187.2 million, and total operating expenses grew 60.8% from the prior-year period to A$252.7 million from A$157.2 million.

Reported net income grew 73.2% year over year to A$28.2 million, or 8 cents per share, from A$16.3 million, or 5 cents per share.