RISE Education Announces Fourth Quarter and Full Year 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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Source: PR Newswire
BEIJING, March 14, 2019 /PRNewswire/ -- 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 fourth quarter and full year ended December 31, 2018.Highlights for the Fourth Quarter of 2018Total revenues increased by 30.1% year-over-year to RMB354.2 million (US$51.5 million) in the fourth quarter of 2018. Net income attributable to RISE was RMB31.5 million (US$4.6 million) in the fourth quarter of 2018. Non-GAAP net income attributable to RISE[1] increased by 45.9% year-over-year to RMB47.9 million (US$7.0 million) in the fourth quarter of 2018. Adjusted EBITDA[1] increased 33.6% year-over-year to RMB91.0 million (US$13.2 million) in the fourth quarter of 2018. Total number of student enrollments[2] increased by 85.9% year-over-year to 21,756 in the fourth quarter of 2018 which includes 743 from online courses, 324 from short-term and SSAT test-pre
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