GEM 0.55% $1.38 g8 education limited

Ann: CY20 Full Year Results Investor Presentation, page-40

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    correct but NSW is the biggest state and hence largest market and other states (Vic and SA) also have incurred lockdowns, but of shorter duration.

    Futhermore once a lockdown ends, there is still an additional lag as post lockdown restrictions still exist (eg for Vic on its 1st day of opening offices can only have 25% capacity: so that means 75% still staying at home)
 
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