RYB Education, Inc. Reports Fourth Quarter and Full Year 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, March 30, 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 fourth quarter and full year ended December 31, 2019.Fourth Quarter 2019 Operational and Financial Summary Number of students enrolled at directly operated facilities was 30,806 as of December 31, 2019, compared with 23,627 as of December 31, 2018. Net revenues increased by 12.7% to $50.7 million, compared with $45.0 million for the fourth quarter of 2018. Gross profit increased by 24.8% to $9.9 million, compared with $7.9 million for the fourth quarter of 2018. Net income attributable to ordinary shareholders of RYB for the fourth quarter of 2019 was $0.2 million, compared with $0.6 million for the fourth quarter of 2018. Adjusted net income attributable to ordinary shareholders[1] of RYB for the fourth quarter of 2019 was $1.1 million, compared with $1.1 million for the
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