Educational Development Corp rises on profit surge

Educational Development

08/07/2021 16:27

** Shares of children's books publisher  EDUC.O  rise 2.7%
to $12.43
    ** Co's Q1 FY22 net earnings rise 79% to $3.4 mln; rev jumps
6.5% to $40.8 mln  urn:newsml:reuters.com:*:nGNXl8shb
    ** CEO says co raised the minimum charges on customer orders
and restructured its freight contract in the quarter to lower
net shipping costs on each package
    ** Co expects an increase in revenue and profitability in
fiscal year 2022
    ** YTD, stock down 19% 

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