ChinaEdu Q1 2009 Net Profit Up 358%

ChinaEdu, 5/21/09

Chinese education services provider ChinaEdu (Nasdaq: CEDU) has announced its unaudited financial results for Q1 2009, with net revenues reaching RMB 81.2 mln (USD 11.9 mln), up 16.5% year-on-year.

Net income for the quarter came to RMB 9.6 mln (USD 1.4 mln), up 358.3% YoY.

Revenue for the quarter from online degree programs increased by 19.7% to RMB 65.8 mln (USD 9.6 mln). The number of revenue-generating students in online degree programs during the first quarter of 2009 increased by approximately 30% to over 118,000.

Revenue from non-online degree programs (online tutoring program, international curriculum programs and private primary and secondary schools) was RMB 15.4 mln (USD 2.3 mln), up 4.8% YoY.

The company estimates Q2 2009 revenues will range between RMB 83 mln and RMB 87 mln.

To see ChinaEdu's full earnings report, please click here.

Keywords: online education CEDU ChinaEdu education Internet Q1 2009 revenue fiscal report profit

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily