OneSmart International Education Group (ONE) Reports Q1 Revenues Above Consensus

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Go back to OneSmart International Education Group (ONE) Reports Q1 Revenues Above Consensus

OneSmart International Education Group Limited Announces Unaudited Financial Results for the First Fiscal Quarter Ended November 30, 2019

February 19, 2020 5:10 AM EST

Quarterly results:New Students Increased by 53.5% Year-over-Year Net Revenues Increased by 23.2% Year-over-YearConsumed Class Units Increased by 21.4% Year-over-Year

SHANGHAI, Feb. 19, 2020 /PRNewswire/ -- OneSmart International Education Group Limited (NYSE: ONE) ("OneSmart" or the "Company"), a leading premium K-12 after-school education service provider in China, today announced its unaudited financial results for the first fiscal quarter ended November 30, 2019.

Highlights for the First Fiscal Quarter Ended November 30, 2019

Net revenues increased by 23.2% year-over-year to 797.2 million (US$113.4 million)- Net revenues from OneSmart VIP business increased by 23.8% year-over-year to RMB601.2 million (US$85.5... More