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Stock impact report

China Liberal Education Holdings Limited Reports Financial Results for Fiscal Year 2023 [Yahoo! Finance]

China Liberal Education Holdings Limited - Ordinary Shares (CLEU) 
Company Research Source: Yahoo! Finance
China -based company that provides technological consulting services for smart campus solutions and other educational services, today announced its audited financial results for the fiscal year ended December 31, 2023 Ms. Ngai Ngai Lam , Chairwoman and CEO of China Liberal, commented, "Our revenue experienced a decline in fiscal year 2023 due to termination of education programs offered by joint ventures of the PRC and foreign institutions ("Sino-foreign Jointly Managed Academic Programs"), but we still managed to maintain a relatively high gross margin level at around 57.1% during the fiscal year. Despite the major business restructuring under way, it is worth noting that our existing business has witnessed a rapid growth, with the revenue from tailored job readiness training services and technological consulting services for smart campus solutions surging by 74.2% and 144.5%, respectively, compared to fiscal year 2022. Meanwhile, our total cash had risen substantially to $20.34 mi Show less Read more
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