Aquisitions bolster G8's profit

The acquisition of 21 childcare centres has helped G8 Education lift its first half net profit by 73 per cent to $28.2 million.

Childcare centre operator G8 Education's first half profit has surged by 73 per cent, aided by a string of acquisitions.

The group's net profit rose to $28.2 million in the half year to June 30, up from $16.3 million after G8 added 21 new centres to its portfolio.

Revenue from continuing operations rose 63 per cent to $305.7 million, from $187.2 million.