USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Companies

New Oriental Education posts $26.9m Q2 loss

By LI WOKE | chinadaily.com.cn | Updated: 2013-01-30 16:47

New Oriental Education posts $26.9m Q2 loss

New Oriental Education & Technology Group Inc has posted a second-quarter loss of $26.9 million. [Asianewsphoto/File/Jing Wei]

New Oriental Education & Technology Group Inc posted on Tuesday a second-quarter loss of $26.9 million, compared to a $3.2 million loss in the same period of the previous fiscal year.

The New York-listed Chinese company attributed the loss in the second quarter, which ended in November, to increased investment to open new schools.

The company said that total net revenue increased 30.4 percent year-on-year to $165.9 million from $127.2 million in the same period of the previous fiscal year.

Its total student enrollments grew 7.2 percent year-on-year to about 505,500. The number of schools and learning centers also increased year-on-year to 744 from 726.

Most Viewed in 24 Hours
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US