March 12, 2020 / 9:26 PM / in 22 days

BRIEF-Rise Education Announces Fourth Quarter And Full Year 2019 Unaudited Financial Results

March 12 (Reuters) - Rise Education Cayman Ltd:

* RISE EDUCATION ANNOUNCES FOURTH QUARTER AND FULL YEAR 2019 UNAUDITED FINANCIAL RESULTS

* SEES Q1 2020 REVENUE RMB 95 MILLION TO RMB 100 MILLION

* QTRLY DILUTED NET INCOME ATTRIBUTABLE TO RISE PER ADS WAS RMB0.90(US$0.13)

* QTRLY NON-GAAP NET INCOME ATTRIBUTABLE TO RISE PER ADS WAS RMB1.16(US$0.17)

* RISE EDUCATION CAYMAN - DUE TO COVID-19, LEARNING CENTERS WERE TEMPORARILY CLOSED IN MAJORITY OF Q1, WHICH WILL ADVERSELY IMPACT FINANCIAL PERFORMANCE

* EXPECTS REVENUE GENERATED FROM ONLINE SMALL GROUP CLASSES WILL BE IMMATERIAL DURING Q1 OF 2020 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below