American Education Center, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
June 30, 2020 at 07:12 pm IST
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American Education Center, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was USD 114,198 compared to USD 1.970 million a year ago. Operating loss was USD 656,625 compared to operating Income of USD 356,224 a year ago. Net loss was USD 492,205 compared to net income of USD 83,896 a year ago. Basic loss per share was USD 0.01 compared to Basic EPS of USD 0 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.01 a year ago.
American Education Center, Inc. is engaged in providing education-related consulting services. The Company operates through two segments: American Education Center, Inc. (AEC New York) and AEC Management Ltd. (AEC BVI). The AEC New York delivers customized high school and college placement and Career Advisory Services to Chinese students wishing to study in the United States. Its advisory services include language training, college admission advisory, on-campus advisory, internship and start-up advisory, as well as student and family services. The AEC BVI, though AEC Southern Shenzhen and Zhongwei, delivers customized high school and college placement and Career Advisory Services to Chinese students wishing to study in the United States through businesses referred by AEC New York to AEC Southern Shenzhen. Its career advisory services include its internship advisory program and its start-up advisory program.