Mayfield Childcare Ltd. (AU:MFD) has released an update.
Mayfield Childcare Ltd. reported a significant recovery in the second quarter of 2024, with underlying centre EBITDA increasing by 109% to $3.2M, leading to the reinstatement of dividend payments at half a cent. Despite challenges from weather-related closures and industry-wide pressures, the company showed resilience with a strong Net Promoter Score (NPS) of 55.0 and strategic acquisitions set to enhance its presence in South Australia. However, the overall sector’s softening demand prompted a revision of the FY24 guidance to $6.0M – $6.5M in EBITDA.
For further insights into AU:MFD stock, check out TipRanks’ Stock Analysis page.
