Puxin Limited (NEW) Reports Q4 Loss of $0.28 on Revenues of $77.3M

Go back to Puxin Limited (NEW) Reports Q4 Loss of $0.28 on Revenues of $77.3M

Puxin Limited Announces Fourth Quarter and Fiscal Year 2018 Unaudited Financial Results

March 5, 2019 6:08 AM EST

BEIJING, March 5, 2019 /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 fourth quarter and fiscal year ended December 31, 2018.

Fourth Quarter 2018 Financial and Operational Highlights

Net revenues were RMB531.4 million (US$77.3 million), representing an increase of 24.2% from the fourth quarter of 2017. Operating loss was RMB165.9 million, a slight increase of 0.5% from RMB165.2 million in the same period of the prior year. Adjusted... More