Overview of G8 Education's correction on CY23 results

G8 Education Limited (ASX: $GEM) released a correction regarding its results for the 12 months ended 31 December 2023. The correction pertains to the Operating EBITDA numbers in the Trading Performance table on page 1 of the announcement, which were identified to be before lease interest and depreciation instead of after lease interest and depreciation.

Insight into the correction by G8 Education

The correction issued by G8 Education addresses the misrepresentation of Operating EBITDA numbers in the Trading Performance table. This correction ensures the accurate reflection of the Group's financial performance for the specified period.

Summary of G8 Education's correction and outlook

G8 Education (ASX: $GEM) has rectified the misstated Operating EBITDA numbers in its CY23 results, ensuring the accuracy of the financial information presented to stakeholders. The correction reflects the Group's commitment to transparency and accuracy in financial reporting. Looking ahead, G8 Education aims to maintain rigorous oversight to uphold the integrity of its financial disclosures and provide stakeholders with reliable information.