Chengshiwai Education (01565) announced interim results for the six months ended February 29, 2024, with revenue of about 5.2...
According to Zhitong Finance App News, Chengshiwai Education (01565) announced interim results for the six months ended February 29, 2024, with revenue of about $520 million, up 27.7% year on year; gross profit of about 179 million yuan, up 28.1% year on year; profit attributable to company owners of $30.2 million, up 34.5% year on year; adjusted net profit of $49.018 million, up 29.5% year on year; profit per share of 0.01 yuan, with an interim dividend of HK0.55 cents per share.
According to the announcement, the increase in total revenue was mainly due to the increase in the number of newly established high schools and students enrolled in the group. The increase in gross profit was mainly due to the increase in average tuition fees and the number of students.