UPDATE: Tarena Int'l (TEDU) Reports 1H20 Loss of $1.60/sh
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Tarena International, Inc. Announces Unaudited First Half Fiscal Year 2020 Results
August 12, 2020 6:00 AM EDTBEIJING, Aug. 12, 2020 /PRNewswire/ -- Tarena International, Inc. (NASDAQ: TEDU) ("Tarena" or the "Company"), a leading provider of professional education and K-12 education services in China, today announced its unaudited financial results for the six months ended June 30, 2020.
First Half Fiscal Year 2020 Highlights
Net revenues decreased by 29.0% year-over-year to RMB626.8 million (US$89.2 million), from RMB882.6 million in the same period in 2019. Gross profit decreased by 60.9% year-over-year to RMB122.3 million (US$17.4 million), from RMB312.8 million in the same period in 2019. Operating loss was RMB664.7... More