Tarena International, Inc. Announces Unaudited First Half Fiscal Year 2019 Results
Tarena International, Inc. - American Depositary Shares (TEDU)
US:NASDAQ Investor Relations:
ir.tarena.com.cn
Company Research
Source: PR Newswire
BEIJING, May 1, 2020 /PRNewswire/ -- Tarena International, Inc. (NASDAQ: TEDU) ("Tarena" or the "Company"), a leading provider of professional education services in China, today announced its unaudited financial results for the six months ended June 30, 2019.First Half Fiscal Year 2019 HighlightsNet revenues increased by 3.3% year-over-year to RMB882. 6 million (US$128.6 million), from RMB854.2 million in the same period in 2018. Gross profit decreased by 30.4% year-over-year to RMB312.8 million (US$45.6 million), from RMB449.2 million in the same period in 2018. Operating loss was RMB646.9 million (US$94.2 million), compared to an operating loss of RMB345.9 million in the same period in 2018. Net loss was RMB625.1 million (US$91.1 million), compared to a net loss of RMB338.0 million in the same period in 2018. Basic and diluted loss per American Depositary Share ("ADS") was RMB11.36 (US$1.65). Cash, cash equivalents, time deposits, including current and non-current, and restricted ca
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