China Distance Education Holdings Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2018; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2018
For the nine months, the company reported total net Revenue was $113,042,000 against $89,280,000 a year ago. Operating income was $3,768,000 against $10,573,000 a year ago. Income before income taxes was $2,555,000 against $12,851,000 a year ago. Net income attributable to the company was $1,960,000 against $9,069,000 a year ago. Net income attributable to the company diluted share was $0.015 against $0.068 a year ago. Non-GAAP operating income was $5,449,000 against $12,038,000 a year ago. Non-GAAP net income was $3,641,000 against $10,534,000 a year ago. Non-GAAP net income per diluted share was $0.027 against $0.079 a year ago. Net operating cash inflow increased by 1.7% to $35.1 million in the first nine months of fiscal 2018 from $34.5 million in the prior year period. Capital expenditures were $4.5 million.
For the fourth quarter of fiscal 2018, the company expects to generate total net revenue in the range of $54.2 million to $56.3 million, representing year-over-year growth of approximately 30% to 35%. Non-GAAP operating margins will be down year-over-year as a result of the increased rental expenses.
For fiscal year 2018, the company expects to generate total net revenues in the range of $167.3 million to $169.3 million, representing year-over-year growth of approximately 27.7% to 29.3%.