Chen Lin Education Group Holdings Limited provided consolidated earnings guidance for the six months ended 29 February 2024. For the six months, it is expected that the Group will record a period- on-period increase of an unaudited revenue for the Current Interim Period in approximately RMB 10 million, the Group expects to record an unaudited net loss within the range of approximately RMB 13 million to approximately RMB 16 million for the Current Interim Period, as compared with the unaudited net profit of approximately RMB 21 million for the six months ended 28 February 2023. The unaudited net loss expected to be recorded in the Current Interim Period was mainly due to the following reasons: (i) in order to further attract, cultivate and retain talented teachers and other professionals, and to continue to enhance the ratio of teaching resources, the Group's staff costs for the Current Interim Period increased by approximately 36% as compared to the Previous Reporting Period; and (ii) in order to further improve the quality of education services, the Group's education operation expenses for the Current Interim Period, including expenditures on student activities and training, increased by approximately 13% as compared to the Previous Reporting Period.
Chen Lin Education Group Holdings Limited
Equities
1593
KYG2087A1022
Miscellaneous Educational Service Providers
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5-day change | 1st Jan Change | ||
1.5 HKD | +0.67% | -0.66% | -16.67% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-16.67% | 192M | |
+12.13% | 13.6B | |
+2.38% | 8.26B | |
+9.72% | 4.25B | |
+18.26% | 2.98B | |
+28.93% | 2.9B | |
+19.18% | 2.54B | |
+10.72% | 2.45B | |
+130.66% | 2.16B | |
-0.58% | 1.61B |
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