Ann: Appendix 4C - quarterly, page-3

They’ve disposed of “back to basics ELC” so occupancy rates there are irrelevant.

I thought it was a fairly solid, business as usual but nothing standout, 4C with revenues for 1H18 roughly 19% up on pcp. (13.92m vs 11.67m).

As a % of sales, staff costs for 1H17 was 64.9%. So there’s been slight gain there with 1H18 at 63.4%.

Will be watching for any forward looking commentary with the half yearly report due out soon. All eyes and ears on how the new child care subsidy funding affects occupancies for the sector.