Brief: Rise Education Announces Fourth Quarter And Full Year 2019 Unaudited Financial Results

NaaS Technology

12/03/2020 21:25

March 12 (Reuters) - Rise Education Cayman Ltd  REDU.O :
    * RISE EDUCATION ANNOUNCES FOURTH QUARTER AND FULL YEAR 2019
UNAUDITED FINANCIAL RESULTS
    * Q4 REVENUE ROSE 17.5 PERCENT TO RMB 416.2 MILLION
    * SEES Q1 2020 REVENUE RMB 95 MILLION TO RMB 100 MILLION
    * QTRLY DILUTED NET INCOME ATTRIBUTABLE TO RISE PER ADS WAS
RMB0.90(US$0.13)
    * QTRLY NON-GAAP NET INCOME ATTRIBUTABLE TO RISE PER ADS WAS
RMB1.16(US$0.17)
    * RISE EDUCATION CAYMAN - DUE TO COVID-19, LEARNING CENTERS
WERE
TEMPORARILY CLOSED IN MAJORITY OF Q1, WHICH WILL ADVERSELY
IMPACT FINANCIAL PERFORMANCE
    * EXPECTS REVENUE GENERATED FROM ONLINE SMALL GROUP CLASSES
WILL
BE IMMATERIAL DURING Q1 OF 2020

Source text for Eikon:  ID:nPn90Zqnca 
Further company coverage:  REDU.O 

 ((Reuters.Briefs@thomsonreuters.com;))