Puxin Limited Announces Fourth Quarter and Fiscal Year 2018 Unaudited Financial Results
Puxin Limited American Depositary Shares, each representing two Ordinary Shares (NEW)
Company Research
Source: PR Newswire
BEIJING, March 5, 2019 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2018.Fourth Quarter 2018 Financial and Operational HighlightsNet revenues were RMB531.4 million (US$77.3 million), representing an increase of 24.2% from the fourth quarter of 2017. Operating loss was RMB165.9 million, a slight increase of 0.5% from RMB165.2 million in the same period of the prior year. Adjusted operating loss[1] was RMB120.7 million, a decrease of 16.2% from RMB144.0 million in the same period of the prior year. Net loss attributable to Puxin Limited was RMB239.7 million (US$34.9 million), an increase of 10.3% from RMB217.4 million in the fourth quarter of 2017. Adjusted net loss attributable to Puxin Limited[2] was RMB158.9 million, an increase of 6.8% from RMB148.8 million in the same period of t
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