RISE Education Announces First Quarter 2019 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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Source: GlobeNewswire
BEIJING, May 16, 2019 (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, 2019. Highlights for the First Quarter of 2019 Total revenues increased by 24.0% year-over-year to RMB335.0 million (US$49.9 million) in the first quarter of 2019.Operating income increased by 26.9% year-over-year to RMB53.0 million (US$7.9 million) in the first quarter of 2019.Non-GAAP operating income increased by 24.3% year-over-year to RMB60.7 million (US$9.0 million) in the first quarter of 2019.Net income attributable to RISE increased by 1.5% year-over-year to RMB36.4 million (US$5.4 million) in the first quarter of 2019.Non-GAAP net income attributable to RISE1 increased by 2.7% year-over-year to RMB44.0 million (US$6.6 million) in the first quarter of 2019.Adjusted EBITDA1 increased by 16.8% year-over-year to R
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