Business

Evolve shares fall on $32 mln write-down

Evolve Education Group shares fell 5 percent after the company wrote $32.1 million off the value of its child activity centres, announced the sale of two businesses and lowered its earnings forecast for the full year.

The firm, which operates more than 120 centres around the country, said falling enrolments last year and this year have reduced the profitability of the portfolio.

TO READ THE FULL STORY ON NEWSROOM PRO

SUBSCRIBE TO PRO

Subscribe now to start a free trial of Newsroom Pro for 28 days.

View our subscription options

Comments

Newsroom does not allow comments directly on this website. We invite all readers who wish to discuss a story or leave a comment to visit us on Twitter or Facebook. We also welcome your news tips and feedback via email: contact@newsroom.co.nz. Thank you.

PARTNERS