Puxin Limited (NEW) Reports Q2 Loss of $0.16 on Revenues of $80.3M
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Puxin Limited Announces Second Quarter 2018 Unaudited Financial Results
August 23, 2018 6:01 AM EDTBEIJING, Aug. 23, 2018 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced its unaudited financial results for the second quarter ended June 30, 2018.
Second Quarter 2018 Financial and Operational Highlights
Net revenues reached RMB531.3 million (US$80.3 million), representing an increase of 123.2% from the second quarter of 2017. Operating loss was RMB86.1 million, an increase of 105.2% from RMB41.9 million in the same period of the prior year. Adjusted operating loss[1] was RMB61.0... More