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0.00377347234029868 0.00377347234029868 0.00377347234029868 0.00377347234029868 0.00377347234029868 0.00228198129670243 -0.00219249183408646 -0.00219249183408646
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Ambow Education Announces Second Quarter 2018 Financial Results

AMBOW EDUCATION HOLDING LTD (AMBO)  More Company Research Source: PR Newswire
US:NYSE Investor Relations: mzcan.com/us/ambo/irwebsite
PDF - Net Revenues Increases 19.5% to $22.7 Million -  - Net Income Increases 47.1% to $5.0 Million - BEIJING, Aug. 30, 2018 /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 unaudited financial and operating results for the three-month and six-month periods ended June 30, 2018. Second Quarter 2018 Financial Highlights Net revenues for the second quarter of 2018 increased by 19.5% to US$22.7 million from US$19.0 million in the same period of 2017. This increase was due primarily to recording US$2.9 million in revenue from Boston-based Bay State College (acquired by Ambow in November 2017), higher student enrollment for the 2017-2018 academic year in the Company's K-12 schools, and growth of Ambow's smart office solution business. Gross profit for the second quarter of 2018 was US$10.8 million, compared with US$10.4 million for the same perio [Read more]

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