G8 Education Ltd (ASX: GEM) shares are on the slide during the opening minutes of trade after the company released its 2020 full-year results. At the time of writing, the G8 Education share price has slumped 4.27% to $1.12.
In its report, G8 advised it is still managing the effects of coronavirus with regard to occupancy rates at its early learning and childcare centres.
Let’s review how this impacted the company’s results and what the CEO had to say.
G8 Education reports annual losses
Investors are driving down the G8 Education share price today after the company reported its annual revenue dropped to $788.1 million for the year ended 31 December 2020. This was down 14.4% from the $920.6 million revenue recorded for the year…