17 Education & Technology: Rises as revenue more than doubles

17 Education and Technology

25/05/2021 11:59

** U.S.-listed shares of Chinese education technology
company  YQ.O  rise 6.3% to $4.70 in premarket trading
    ** Co on Monday said Q1 net rev rose 107.1% to 474.2 mln
yuan ($74.03 mln)  urn:newsml:reuters.com:*:nGNXc2mwwp
    ** Co sees Q2 rev between 640 mln-660 mln yuan, representing
an year-over-year increase of 135.8% to 143.2% 
    ** CEO says YQ is confident growth prospects for in-school
applications from students remain strong in the next few years

($1 = 6.4059 Chinese yuan renminbi)

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))