Scholar Education Group (HKG:1769) expects a minimum net profit attributable to shareholders of 80 million yuan for the six months ended June 30, at least 86.5% higher from a year ago, a Monday filing with the Hong Kong Exchange said.
The company attributed the surge in profit to an increase in revenue, resulting from increased tutoring hours and improved operational efficiency.
The company's shares were up over 9% in recent trade.
Price (HKD): $4.77, Change: $+0.41, Percent Change: +9.40%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments