Business
Why the Think Childcare (ASX:TNK) share price is up 2% today
The Think Childcare Ltd (ASX: TNK) share price is climbing today after a positive earnings update for the 2020 calendar year (CY20).
At the time of writing, the Think Childcare share price is trading 2.2% higher at $1.62.
Why is the Think Childcare share price higher today?
In this morning’s ASX release, Think Childcare upgraded its guidance for its earnings before interest, tax, depreciation and amortisation (EBITDA).
The company had forecast underlying CY20 EBITDA of $22–23 million in its guidance provided on 2 November. This came as COVID restrictions eased and Victoria emerged from strict lockdown measures.
However, due to better than expected trading in November – driven by a strong recovery in headline revenue and…
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