The firm, which tapped shareholders for $290.1 million equity in June, said occupancy and attendance levels hit a low in April, but recovered as initial COVID-19 cases were managed and the childcare support package came into play.
G8 said the cessation of the package on July 12, and the re-introduction of the Child Care Subsidy on July 13, has not impacted the business as significantly as expected.
Occupancy has been growing steadily in all states with the exception of Victoria.
Current occupancy is at 69 per cent with attended occupancy of 50 per cent with COVID-19 impacts varying by region and state at various times, G8 said on Monday.
The JobKeeper program contributed $70.8 million to G8 during the half and another $14.1 million is expected in the second half of the year. The removal of the government stimulus is expected to impact unemployment levels and bookings.
COVID-19 impacted trading conditions are expected to continue and given this backdrop the Group will continue its disciplined approach to cost and cash management, G8 told investors. The firm did not provide earnings guidance and said its dividend policy remains temporarily suspended to preserve cash.
The deferred CY19 final dividend of 6 cents per share will be paid on October 30
A dividend may, subject to financial performance, be paid in respect of CY21.