RISE Education Announces First Quarter 2018 Unaudited Financial Results
RISE Education Cayman Ltd - American Depositary Shares (REDU)
Last rise education cayman ltd - american depositary shares earnings: 3/12 04:10 pm
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ir.risecenter.com
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Source: GlobeNewswire
BEIJING, May 11, 2018 (GLOBE NEWSWIRE) -- RISE Education Cayman Ltd ("RISE" or the “Company”) (NASDAQ:REDU), a leading junior English Language Training (“ELT”) provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2018. Financial and Operational Highlights Total revenues increased by 28.4% year-over-year to RMB270.1 million (US$43.1 million) in the first quarter of 2018.Net income attributable to RISE increased by 26.7% year-over-year to RMB35.8 million (US$5.7 million) in the first quarter of 2018.Non-GAAP net income attributable to RISE increased by 37.5% year-over-year to RMB38.9 million (US$6.2 million) in the first quarter of 2018.Adjusted EBITDA increased by 28.6% year-over-year to RMB68.9 million (US$11.0 million) in the first quarter of 2018.Total number of student enrollments in self-owned learning centers and online courses increased by 13.7%year-over-year to 22,045 in the first quarter of 2018 from 19,397 in the first q
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