Malvern, Victoria-based early years childcare provider Mayfield Childcare has reported total comprehensive income of A$3.3 million (£1.7 million) for 2019, down from A$4.3 million reported for 2018.

Revenue for the year was A$35.9 million, up from A$31.5 million reported for 2018.

Mayfield chief executive Dean Clarke said “From Mayfield’s perspective the sector challenges of the past few years are moderating. Supply in Victoria for the most part eased throughout 2019, with reduced supply growth evident in the geographical areas in which Mayfield operates.”

Date published: 5 February 2020

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