American Education Center, Inc. Reports Earnings Results for the Full Year Ended December 31, 2018
April 16, 2019 at 10:03 pm
Share
American Education Center, Inc. announced earnings results for the full year ended December 31, 2018. For the full year, the company announced sales was USD 7.012 million compared to USD 25.798 million a year ago. Operating loss was USD 7.802 million compared to operating Income of USD 597,804 a year ago. Net loss was USD 6.688 million compared to net income of USD 245,057 a year ago. Basic loss per share from continuing operations was USD 0.16 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.