Brief: Rise Education Says Q1 Revenue Fell 67.5% To RMB 109 Mln

NaaS Technology

14/05/2020 21:22

May 14 (Reuters) - Rise Education Cayman Ltd  REDU.O :
    * RISE EDUCATION ANNOUNCES FIRST QUARTER 2020 UNAUDITED
FINANCIAL
RESULTS
    * Q1 REVENUE FELL 67.5 PERCENT TO RMB 109 MILLION
    * SEES Q2 2020 REVENUE RMB 135 MILLION TO RMB 145 MILLION
    * QTRLY NET LOSS PER ADS ATTRIBUTABLE TO RISE RMB 1.84
    * QTRLY  NON GAAP NET LOSS PER ADS ATTRIBUTABLE TO RISE RMB
1.76
    * EXPECTS ITS FINANCIAL PERFORMANCE TO BEGIN IMPROVING ON A
SEQUENTIAL BASIS STARTING DURING Q2
    * RISE EDUCATION - UPGRADED ONLINE SMALL GROUP CLASSES, WITH
INITIAL ONLINE SMALL GROUP CLASSES, EXPECTED TO INCREASINGLY
CONTRIBUTE TO REVENUE STARTING Q2
    * SELF-OWNED LEARNING CENTERS WHICH ARE EXPECTED TO RESUME
OPERATIONS SOMETIME DURING SECOND HALF OF Q2 OF 2020

Source text for Eikon:  ID:nPn3Lc19xa 
Further company coverage:  REDU.O 

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