OneSmart International Education Group Limited Announces Unaudited Financial Results for the First Fiscal Quarter Ended November 30, 2019
OneSmart International Education Group Limited ADS (ONE)
Company Research
Source: PR Newswire
Quarterly results:New Students Increased by 53.5% Year-over-Year Net Revenues Increased by 23.2% Year-over-YearConsumed Class Units Increased by 21.4% Year-over-Year SHANGHAI, Feb. 19, 2020 /PRNewswire/ -- OneSmart International Education Group Limited (NYSE: ONE) ("OneSmart" or the "Company"), a leading premium K-12 after-school education service provider in China, today announced its unaudited financial results for the first fiscal quarter ended November 30, 2019.Highlights for the First Fiscal Quarter Ended November 30, 2019Net revenues increased by 23.2% year-over-year to 797.2 million (US$113.4 million)- Net revenues from OneSmart VIP business increased by 23.8% year-over-year to RMB601.2 million (US$85.5 million)- Net revenues from HappyMath business increased by 7.1% year-over-year to RMB114.0 million (US$16.2 million)- Net revenues from FasTrack English business increased by 54.3% year-over-year to RMB48.5 million (US$6.9 million) Number of new students increased by 53.5% Yea
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