Four Seasons: Falls on weak Q1 results

Four Seasons Education Cayman

20/08/2020 14:23

** U.S.-listed shares of Chinese educational company
 FEDU.N  fall 14% to $1.02 premarket
    ** Says Q1 revenue decreased 31.5% primarily due to the
impact of the outbreak of COVID-19  urn:newsml:reuters.com:*:nPn9rdTmla 
    ** Q1 net loss was RMB11.5 mln (US$1.6 mln), compared with
net income of RMB4.2 mln in the same period last year, while
total student enrollment was 44,634 vs 69,100 
    ** YTD, stock down ~26% as of last close

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