- Mayfield Childcare (MFD) enters a trading halt, pending further news regarding a material acquisition and capital raising
- For the first half of 2021, statutory revenue jumped 79 per cent to $16.9 million
- Net profit after tax (NPAT) came to $1.3 million — an increase of 129.4 per cent
- The company will remain in a trading halt until November 2 or when Mayfield releases its acquisition and capital raising announcement
- Shares in Mayfield Childcare last traded at $1.20 on Thursday, October 28
Mayfield Childcare (MFD) has entered a trading halt today, pending further news regarding a material acquisition and capital raising.
MFD will remain in a trading halt until the commencement of trading on November 2 or when Mayfield releases its acquisition and capital raising announcement, whichever comes first.
Mayfield Childcare is an ASX-listed childcare company with 21 Victorian childcare centres representing 1777 registered childcare places.
For the first half of 2021, statutory revenue for the group — before stimulus package income — was $16.9 million, up 79 per cent.
Overall revenue grew to $17.5 million, up 6.1 per cent, partly due to a final government support and stimulus payment of $600,000. Net profit after tax (NPAT) came to $1.3 million, up 129.4 per cent.
The 2021 fiscal year has been largely steady, according to Mayfield, showing a more normalised economic climate, despite the effects of the gradual return to work levels for private office and public sector workers, as well as a number of state-wide lockdowns in Victoria.
As Victorians battled their way out of a 111-day lockdown, residual limitations hindered the start of the 2021 fiscal year.
The group finished the first half of the calendar year with $7.6 million in net debt, $32.1 million in net assets — up by $4.9 million — and an occupancy rate of 66 per cent.
Shares in Mayfield Childcare last traded at $1.20 on Thursday, October 28.