Puxin Limited (NEW) Reports Q3 EPS of $0.01 on Revenues of $122.7M
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Puxin Limited Announces Third Quarter 2020 Unaudited Financial Results
November 19, 2020 7:07 AM ESTBEIJING, Nov. 19, 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 third quarter ended September 30, 2020.
Highlights for the Third Quarter Ended September 30, 2020
Net revenues were RMB833.2 million (US$122.7 million), a decrease of 16.3% from RMB996.0 million in the third quarter of 2019. Net income was RMB42.4 million (US$6.3 million), an increase of 25.7% from RMB33.7 million in the third quarter of 2019. EBITDA[1] was RMB77.5 million (US$11.4... More