Global Cord Blood Corporation Reports Financial Results for the Fourth Quarter and Full Year of Fiscal 2019
Global Cord Blood Corporation (CO)
US:NYSE Investor Relations:
ir.chinacordbloodcorp.com
Company Research
Source: PR Newswire
Added 22,194 New Subscribers in 4Q194Q19 Revenues Increased by 8.0% YoY to RMB251.7 Million ($37.5 Million)4Q19 Operating Income Increased to RMB88.9 Million ($13.2 Million)Conference Call to be Held on June 19, 2019 at 8:00 a.m. ET HONG KONG, June 18, 2019 /PRNewswire/ -- Global Cord Blood Corporation (NYSE: CO) ("GCBC" or the "Company"), China's leading provider of cord blood collection, laboratory testing, hematopoietic stem cell processing and stem cell storage services, today announced its unaudited financial results for the fourth quarter and full year of fiscal year 2019 ended March 31, 2019.Fourth Quarter of Fiscal 2019 HighlightsFourth quarter revenues increased by 8.0% year over year ("YoY") to RMB251.7 million ($37.5 million). New subscribers were 22,194, and the accumulated subscriber base expanded to 750,273[1]. Gross profit increased by 8.2% YoY to RMB204.3 million ($30.4 million). Gross margin increased slightly to 81.2% from 81.0% in the prior year period. Operating i
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