RISE Education Cayman (REDU) Reports Q1 Loss of $0.25
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RISE Education Announces First Quarter 2020 Unaudited Financial Results
May 14, 2020 4:00 PM EDTBEIJING, May 14, 2020 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE"Â or the "Company") (NASDAQ: REDU), a leading junior English Language Training ("ELT") provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2020.
Impact from COVID-19
The outbreak of COVID-19 in late January 2020 had a significant and material adverse impact on the Company's operations during the first quarter of 2020. In accordance with government regulations to contain the outbreak, RISE's learning centers were temporarily closed starting January 19, 2020 and all self-owned learning centers remain closed as of May... More
