Xiamen Unigroup Xue Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 21, 2020 at 05:52 pm IST
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Xiamen Unigroup Xue Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 599.945 million compared to CNY 758.860 million a year ago. Operating loss was CNY 9.961 million compared to operating Income of CNY 10.896 million a year ago. Net loss was CNY 16.034 million compared to net income of CNY 2.524 million a year ago. Basic loss per share from continuing operations was CNY 0.1667 compared to basic earnings per share from continuing operations of CNY 0.0262 a year ago.
Xueda Xiamen Education Technology Group Co Ltd, formerly Xiamen Unigroup Xue Co Ltd, is a China-based company mainly engaged in education services. The Company provides personalized education counseling for Chinese primary and middle school students. The Company focuses on the (kindergarten to 12th grade) K12 education and training business, mainly includes one-to-one tutoring, personalized group tutoring, full-time cultural tutoring, online school. The Company's courses also include training and counseling courses for art examination and culture courses, training and counseling courses related to the new college entrance examination, as well as expanding training and counseling products including international education, full-time primary and secondary school education and training services, and quality development. The Company is also engaged in house leasing, property management, equipment leasing business and technical services.
XUEDA (XIAMEN) EDUCATION TECHNOLOGY GROUP CO., LTD 
