Ambow Education Announces Second Quarter 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
- 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
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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