Four Seasons Education Inc. Announces Unaudited Consolidated Earnings Results for the Quarter and Nine Months Ended November 30, 2017; Provides Earnings Guidance for the Fourth Quarter of 2018
For the nine months, the company reported revenue of RMB 233,370,000 compared to RMB 155,219,000 a year ago. Operating income was RMB 59,823,000 compared to RMB 57,075,000 a year ago. Income before income taxes and loss from equity in affiliates was RMB 64,913,000 compared to RMB 30,290,000 a year ago. Net income attributable to the company was RMB 40,273,000 compared to RMB 14,084,000 a year ago. Net income per ordinary share diluted was RMB 1.94 compared to RMB 0.77 a year ago. Adjusted operating income was RMB 76,983,000 compared to RMB 59,354,000 a year ago. Diluted net income per ADS attributable to ordinary shareholders was RMB 1.52 compared to RMB 1.46 a year ago.
For the fourth quarter of fiscal 2018, the company expected to generate revenue in the range of RMB 71 million to RMB 73 million, representing year-over-year growth of approximately 48% to 52%.