Company Interview / A GEM first-half profit

G8 Education's (ASX:GEM) Managing Director, Pejman Okhovat sees strong growth in 2024 with a 21% rise in profit, despite tough economic conditions like high inflation and cost of living pressures. Pejman credits effective cost management and procurement for this success.

Pejman notes a slow start to the new fiscal year due to extended holidays. However, family engagement levels are on the rise, similar to last year. With inflation expected to fall and interest rate cuts on the horizon, Pejman sees positive trends for G8 Education (ASX:GEM).

The company has negotiated a landmark multi-employer agreement allowing a pay rise for early childhood workers, benefiting from a 10% wage increase. G8 Education (ASX:GEM) focuses on comprehensive employee value, including discounted childcare instead of paid leave.