Educational Development jumps after profit soars fourfold

Educational Development

07/10/2020 19:10

** Shares of educational children's books publisher  EDUC.O 
rise as much as 11.2% to two-month high of $19.60
    ** EDUC's Q2 profit surges 322% to $4.23 mln and revenue
jumps 142% to $59.3 mln, helped by strong demand for educational
materials as people study from home during the coronavirus
crisis  urn:newsml:reuters.com:*:nGNX3kqJx6
    ** Ability to receive orders online and deliver directly to
customers' homes during the pandemic helped boost profit and
sales during the quarter - co
    ** EDUC says board approved 66.7% increase in quarterly cash
dividend to 10 cents/shr
    ** Q3 dividend to be paid on or around Dec 8 to shareholders
of record on Nov 19 
    ** Stock has more than tripled YTD

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))