RYB Education, Inc. Reports Third Quarter 2018 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, Nov. 28, 2018 /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 third quarter ended September 30, 2018.Third Quarter 2018 Operational and Financial Summary Number of students enrolled at RYB directly operated kindergartens was 23,010 as of September 30, 2018 as compared to 21,413 as of September 30, 2017. Net revenues decreased by 5.7% to $35.3 million, compared with $37.4 million for the third quarter of 2017. Gross profit was $1.2 million, compared with $9.0 million for the third quarter of 2017. Net loss attributable to ordinary shareholders of RYB for the third quarter of 2018 was $4.3 million, compared with net income attributable to ordinary shareholders of RYB of $1.6 million for the third quarter of 2017. Adjusted net loss attributable to ordinary shareholders[1] of RYB for the third quarter of 2018 was $1.9 million, compared w
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