RYB Education, Inc. Reports Second 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, Aug. 20, 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 second quarter of 2019.Second Quarter 2019 Operational and Financial SummaryNumber of students enrolled at directly operated facilities was 30,478 as of June 30, 2019, compared with 23,526 as of June 30, 2018. Net revenues were $53.6 million, compared with $47.5 million for the second quarter of 2018. Gross profit was $11.9 million, compared with $15.9 million for the second quarter of 2018. Net income attributable to ordinary shareholders of RYB for the second quarter of 2019 was $2.9 million, compared with $4.7 million for the second quarter of 2018. Adjusted net income attributable to ordinary shareholders[1] of RYB for the second quarter of 2019 was $3.9 million, compared with $6.9 million for the second quarter of 2018. Cash used in operating activities was $2.9 mill
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