Unaudited Financial Results for the Third Fiscal Quarter Ended May 31, 2020
Third Fiscal Quarter of Fiscal Year 2020 results:
Cash sales totaled RMB721 million
Net revenues totaled RMB745 million
Average monthly student enrollments totaled 160,438
COVID-19 Recovery Progress to Date:
As of August 4th, more than 90% of learning centers reopened
Net revenues were USD104.4 million, a decrease of 31.9% from the same period last year. The decrease was mainly attributable to the temporary shutdown of our offline learning centers for COVID-19 related government requirements, offset by the incremental volume from online platforms.
Net loss attributable to OneSmart was RMB454.1 million (USD63.6 million), compared with net income of RMB109.5 million during the same period last year.
finance.yahoo.c...-093000764.html?guce_refer...
www.fool.com/investi...oks-brilliant-today/
Third Fiscal Quarter of Fiscal Year 2020 results:
Cash sales totaled RMB721 million
Net revenues totaled RMB745 million
Average monthly student enrollments totaled 160,438
COVID-19 Recovery Progress to Date:
As of August 4th, more than 90% of learning centers reopened
Net revenues were USD104.4 million, a decrease of 31.9% from the same period last year. The decrease was mainly attributable to the temporary shutdown of our offline learning centers for COVID-19 related government requirements, offset by the incremental volume from online platforms.
Net loss attributable to OneSmart was RMB454.1 million (USD63.6 million), compared with net income of RMB109.5 million during the same period last year.
finance.yahoo.c...-093000764.html?guce_refer...
www.fool.com/investi...oks-brilliant-today/