Puxin Limited (NEW) Reports Q1 EPS of $0.04 on Revenues of $106.1M
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Puxin Limited Announces First Quarter 2020 Unaudited Financial Results
May 12, 2020 6:58 AM EDTBEIJING, May 12, 2020 /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 first quarter ended March 31, 2020.
First Quarter 2020 Financial and Operational Highlights
Net revenues were RMB751.3 million (US$106.1 million), an increase of 22.0% from RMB615.7 million in the first quarter of 2019. Operating income was RMB3.7 million (US$0.5 million), compared to operating loss of RMB136.5 million in the first quarter of 2019. Adjusted operating income[1] was RMB12.1... More