RISE Education Cayman (REDU) Tops Q4 EPS by 9c, Revenues Beat

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Go back to RISE Education Cayman (REDU) Tops Q4 EPS by 9c, Revenues Beat

RISE Education Announces Fourth Quarter and Full Year 2019 Unaudited Financial Results

March 12, 2020 4:10 PM EDT

BEIJING, March 12, 2020 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ: REDU), a leading junior English Language Training ("ELT") provider in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2019.

Fourth Quarter 2019 Operational and Financial Highlights                

Total revenues increased by 17.5% year-over-year to RMB416.2 million (US$59.8 million) in the fourth quarter of 2019. Net income attributable to RISE increased by 62.3% year-over-year to RMB51.1 million (US$7.3 million) in the fourth quarter of 2019. Non-GAAP net income attributable to RISE[1] increased by 38.2%... More