RYB Education, Inc. Reports First Quarter 2020 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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ir.rybbaby.com
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Source: PR Newswire
BEIJING, May 28, 2020 /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 2020.Impact from COVID-19 The COVID-19 pandemic adversely affected the Company's operations during the first quarter of 2020. After the national holiday for Chinese New Year in January, the Company took measures to temporarily suspend operations at its facilities in accordance with government requirements to contain the outbreak. As of March 31, 2020, all of the directly operated facilities across China had not resumed daily operations, resulting in a substantial decline in revenues for the first quarter compared with the same period last year. During the period of the temporary facility closure, the Company acted quickly and effectively to establish and maintain open communication with the families of the students it serves through a variety of methods. Th
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