Ambow Education Announces Fourth Quarter and Full Year 2018 Financial Results
Ambow Education Holding Ltd. American Depository Shares (each representing twenty (20) Class A Ordinary Shares) (AMBO)
US:NYSE Investor Relations:
mzcan.com/us/ambo/irwebsite
Company Research
Source: PR Newswire
BEIJING, April 5, 2019 /PRNewswire/ -- Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), a leading national provider of educational and career enhancement services in China, today announced its audited financial and operating results for the fourth quarter ended December 31, 2018 and fiscal year 2018. Fourth Quarter 2018 Financial Highlights Net revenues for the fourth quarter of 2018 increased by 10.8% to US$24.6 million from US$22.2 million in the same period of 2017. This increase was due primarily to higher student enrollment for the 2018-2019 academic year in the Company's K-12 schools and revenues from Boston-based Bay State College ("BSC", acquired in November 2017). Gross profit for the fourth quarter of 2018 was US$8.3 million, compared with US$9.8 million for the same period of 2017. Gross profit margin was 33.7% for the fourth quarter of 2018, compared to 44.1% in the same period of 2017. The decrease in gross profit margin was primarily attribu
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AMBO
Sec Filings
- 3/6/24 - Form 6-K
- 1/29/24 - Form F-6
- 1/29/24 - Form 6-K
- AMBO's page on the SEC website