China Distance Education Holdings Limited Reports Financial Results for Third Quarter Fiscal Year 2019
CHINA DISTANCE EDUCATION (DL)
Last china distance education earnings: 3/17 06:00 pm
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ir.cdeledu.com
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Source: PR Newswire
BEIJING, Aug. 13, 2019 /PRNewswire/ -- China Distance Education Holdings Limited (NYSE: DL) ("CDEL", or the "Company"), a leading provider of online education and value-added services for professionals and corporate clients in China, today announced unaudited financial results for the third quarter of fiscal year 2019 ended June 30, 2019.Third Quarter Fiscal 2019 Financial and Operational HighlightsNet revenue increased by 30.2% to $61.7 million from $47.4 million in the prior year period. Total course enrollments were 734,800, an increase of 29.2% from the third quarter of fiscal 2018. Cash receipts from online course registration were $50.4 million, a 30.7% increase from the third quarter of fiscal 2018. Gross profit increased by 36.5% to $31.2 million from $22.8 million in the prior year period. Non-GAAP[1] gross profit increased by 36.3% to $31.2 million from $22.9 million in the prior year period. Gross margin was 50.5%, compared with 48.2% in the prior year period. Non-GAAP[1] g
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