Four Seasons Education Reports Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results
Four Seasons Education (Cayman) Inc. American Depositary Shares, each ADS representing 10 ordinary shares (FEDU)
Last four seasons education (cayman) inc. american depositary shares, each ads representing 10 ordinary shares earnings: 1/28 07:00 am
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Source: PR Newswire
SHANGHAI, May 6, 2019 /PRNewswire/ -- Four Seasons Education (Cayman) Inc. ("Four Seasons Education" or the "Company") (NYSE: FEDU), a leading after-school math education service provider for elementary school students in Shanghai, today announced its unaudited financial results for the fourth quarter and fiscal year 2019, ended February 28, 2019.Fourth Quarter Fiscal Year 2019 Financial and Operational HighlightsRevenue decreased by 3.7% to RMB64.7 million (US$9.7 million) from RMB67.2 million in the same period of last year. Gross profit decreased by 50.3% to RMB18.7 million (US$2.8 million) from RMB37.7 million in the same period of last year. Gross margin was 28.9%, compared with 56.1% in the same period of last year. Operating loss was RMB30.1 million (US$4.5 million), compared with operating income of RMB1.8 million in the same period of last year. Adjusted operating loss(1) (non-GAAP) was RMB21.0 million (US$3.1 million), compared with adjusted operating income of RMB8.1 millio
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