New Oriental-S (09901) is now up more than 4%, and as of press time, it has risen by 3.97% to HKD 57.65, with a turnover of HKD 20.6746 million.
According to the financial news app, New Oriental-S (09901) is now up more than 4% and as of press time, it has risen by 3.97% to HKD 57.65, with a turnover of HKD 20.6746 million.
In terms of news, the board of directors of New Oriental announced that it will hold a meeting on Tuesday, July 30, 2024 to approve the company's unaudited performance for the past three months ending May 31, 2024 and its release.
Swhy pointed out that it is expected that New Oriental's Q4 revenue in the 24 financial year will be USD 1.178 billion, a year-on-year increase of 36.9%. Non-GAAP net income attributable to shareholders is USD 0.058 billion, a year-on-year decrease of 6.5%. The high revenue growth is driven by the continued growth of the education business and the continued growth of East Buy's GMV. The negative profit growth is due to the increased cost of opening new teaching points, the growth of year-end bonus expenses, and the narrowing of East Buy's profit margins.