Stock Track | Scholar Education Group Soars on Strong Earnings Outlook

Stock Track08-06

Shares of Scholar Education Group (01769) surged 6.65% in intraday trading on Friday, buoyed by the company's positive earnings guidance for the first half of the year.

The education services provider announced that it expects to report revenue of at least RMB 380 million and net profit attributable to shareholders of not less than RMB 80 million for the six-month period ended June 30. The robust financial outlook reflects the company's strong performance and growth prospects, boosting investor confidence in the stock.

The upbeat earnings forecast was well-received by the market, driving Scholar Education Group's stock to rally significantly during the trading session. The company's shares have been on an upward trajectory, reflecting the market's optimism about its future prospects.

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