RISE Education Announces Second 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, Aug. 16, 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 second quarter ended June 30, 2018. Financial and Operational Highlights Total revenues increased by 32.4% year-over-year to RMB300.2 million (US$45.4 million) in the second quarter of 2018.Net income attributable to RISE increased by 34.3% year-over-year to RMB42.7 million (US$6.5 million) in the second quarter of 2018.Non-GAAP net income attributable to RISE1 increased by 43.3% year-over-year to RMB45.6 million (US$6.9 million) in the second quarter of 2018.Adjusted EBITDA1 increased by 34.8% year-over-year to RMB75.5 million (US$11.4 million) in the second quarter of 2018.Total number of student enrollments in self-owned learning centers and online courses, including enrollments of short-term courses, increased by 67.3% ye
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