Puxin Limited (NEW) Reports Q3 EPS of $0.07
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Puxin Limited Announces Third Quarter 2019 Unaudited Financial Results
November 18, 2019 5:06 AM ESTBEIJING, Nov. 18, 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 third quarter ended September 30, 2019.
Third Quarter 2019 Financial and Operational Highlights
Net revenues were RMB996.0 million (US$139.4 million), an increase of 48.7% from RMB669.7 million in the third quarter of 2018. Operating income was RMB41.5 million (US$5.8 million), compared to operating loss of RMB(61.1) million in the third quarter of 2018. Adjusted operating income (loss)[1] was... More