RYB Education, Inc. Reports First Quarter 2019 Financial Results
RYB Education, Inc. American depositary shares, each representing one Class A ordinary share (RYB)
Last ryb education, inc. american depositary shares, each representing one class a ordinary share earnings: 3/30 08:00 pm
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Source: PR Newswire
BEIJING, May 28, 2019 /PRNewswire/ -- RYB Education, Inc. ("RYB" or the "Company") (NYSE: RYB), a leading early childhood education service provider in China, today announced its unaudited financial results for the first quarter of 2019.First Quarter 2019 Operational and Financial Summary Number of students enrolled at RYB directly operated kindergartens was 24,572 as of March 31, 2019, compared with 22,087 as of March 31, 2018. Net revenues increased by 19.2% to $34.3 million, compared with $28.8 million for the first quarter of 2018. Gross profit was $1.8 million, compared with $0.6 million for the first quarter of 2018. Net loss attributable to ordinary shareholders of RYB for the first quarter of 2019 was $2.3 million, compared with $2.7 million for the first quarter of 2018. Adjusted net loss attributable to ordinary shareholders[1] of RYB for the first quarter of 2019 was $1.2 million, compared with $1.0 million for the first quarter of 2018. Cash generated from operating activi
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