continuing operations 79,833 35,864 5,059 467,428 503,586 71,028 Add: Amortization of intangible assets 1,050 1,050 148 4,341 4,184 590 Adjusted gross profit from continuing operations 80,883 36,914 5,207 471,769 507,770 71,618 Operating loss from continuing operations (227,621) (941,754) (132,827) (161,678) (820,443) (115,717) Add: Share-based compensation expenses - 3,240 457 - 8,101 1,143 Add: Amortization of intangible assets 1,050 1,050 148 4,341 4,184 590 Add: Impairment loss on goodwill 147,116 593,748 83,744 147,116 593,748 83,744 Add: Impairment loss on intangible assets - 258,326 36,435 - 258,326 36,435 Add: Impairment loss on property and equipment 12,891 6,607 932 12,891 6,607 932 Add: Impairment loss on the long-term investments 2,613 - - 2,613 - - Adjusted operating (loss)/income from continuing operations (63,951) (78,783) (11,111) 5,283 50,523 7,127 Net loss (340,318) (1,004,684) (141,704) (386,823) (1,032,861) (145,678) Add: Share-based compensation expenses - 3,240 457 - 8,101 1,143 Add: Amortization of intangible assets 1,050 1,050 148 4,341 4,184 590 Add: Tax effect of amortization of intangible assets (41) (209) (29) (670) (833) (117) Add: Impairment loss on goodwill 147,116 593,748 83,744 147,116 593,748 83,744 Add: Impairment loss on intangible assets - 258,326 36,435 - 258,326 36,435 Add: Impairment loss on property and equipment 12,891 6,607 932 12,891 6,607 932 Add: Impairment loss on the long-term investments 2,613 - - 2,613 - - Less: Loss from discontinued operations, net of tax (55,240) (49,929) (7,042) (27,959) (163,791) (23,102) Adjusted net (loss)/income (121,449) (91,993) (12,975) (192,573) 1,063 151 Net loss attributable to ordinary shareholders (344,608) (987,863) (139,332) (395,134) (996,279) (140,519) Add: Share-based compensation expenses - 3,240 457 - 8,101 1,143 Add: Amortization of intangible assets 1,050 1,050 148 4,341 4,184 590 Add: Tax effect of amortization of intangible assets (41) (209) (29) (670) (833) (117) Add: Impairment loss on goodwill 147,116 579,827 81,781 147,116 579,827 81,781 Add: Impairment loss on intangible assets - 258,326 36,435 - 258,326 36,435 Add: Impairment loss on property and equipment 12,891 6,607 932 12,891 6,607 932 Add: Impairment loss on the long-term investments 2,613 - - 2,613 - - Less: Loss from discontinued operations, net of tax (59,197) (49,869) (7,034) (35,447) (144,505) (20,382) Adjusted net (loss)/income attributable to ordinary shareholders (121,782) (89,153) (12,574) (193,396) 4,438 627 Net loss (340,318) (1,004,684) (141,704) (386,823) (1,032,861) (145,678) Add: Interest expense, net (2,124) (392) (55) 5,452 1,315 185 Add: Income tax expense 55,301 (337) (48) 183,208 32,908 4,641 Add: Depreciation and amortization 14,293 11,808 1,665 63,598 48,796 6,882 Add: Share-based compensation expenses - 3,240 457 - 8,101 1,143 Add: Impairment loss on goodwill 147,116 593,748 83,744 147,116 593,748 83,744 Add: Impairment loss on intangible assets - 258,326 36,435 - 258,326 36,435 Add: Impairment loss on property and equipment 12,891 6,607 932 12,891 6,607 932 Add: Impairment loss on the long-term investments 2,613 - - 2,613 - - Less: Loss from discontinued operations, net of tax (55,240) (49,929) (7,042) (27,959) (163,791) (23,102) Adjusted EBITDA (54,988) (81,755) (11,532) 56,014 80,731 11,386 Weighted average shares used in calculating adjusted net (loss)/income per ordinary share: --Basic and Diluted Continuing operations 118,669,795 118,669,795 118,669,795 118,669,795 118,669,795 118,669,795 Discontinued operations 118,669,795 118,669,795 118,669,795 118,669,795 118,669,795 118,669,795 Adjusted net (loss)/income per share attributable to ordinary shareholders --Basic (1.03) (0.75) (0.11) (1.63) 0.04 0.01 --Diluted (1.03) (0.75) (0.11) (1.63) 0.04 0.01 Adjusted net (loss)/income per ADS --Basic (4.12) (3.00) (0.44) (6.52) 0.16 0.04 --Diluted (4.12) (3.00) (0.44) (6.52) 0.16 0.04
View original content:https://www.prnewswire.com/news-releases/bright-scholar-announces-unaudited-financial-results-for-the-fourth-quarter-and-fiscal-year-2024-302315296.html
SOURCE Bright Scholar Education Holdings Ltd.
(END) Dow Jones Newswires
November 25, 2024 05:34 ET (10:34 GMT)
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