UPDATE: Puxin Limited (NEW) Reports Q4 Loss of $0.11 on Revenues of $110.1M
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Puxin Limited Announces Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results
March 16, 2021 5:00 AM EDTBEIJING, March 16, 2021 /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 fourth quarter and fiscal year ended December 31, 2020.
Fourth Quarter 2020 Financial and Operational Highlights
Net revenues were RMB718.3 million (US$110.1 million), a decrease of 16.4% from RMB859.3 million in the fourth quarter of 2019. Net loss attributable to Puxin Limited was RMB68.8 million (US$10.5 million), a decrease of 36.8% from RMB108.8 million in the fourth quarter of 2019.... More