Four Seasons Education (Cayman) Inc. announced unaudited consolidated earnings results for the quarter and nine months ended November 30, 2017. For the quarter, the company reported revenue of RMB 87,240,000 compared to RMB 59,904,000 a year ago. Operating income was RMB 21,613,000 compared to RMB 19,674,000 a year ago. Income before income taxes and loss from equity in affiliates was RMB 22,999,000 compared to RMB 20,525,000 a year ago. Net income attributable to the company was RMB 11,020,000 compared to RMB 9,608,000 a year ago. Net income per ordinary share diluted was RMB 0.51 compared to RMB 0.48 a year ago. Adjusted operating income was RMB 27,924,000 compared to RMB 20,759,000 a year ago. Diluted net income per ADS attributable to ordinary shareholders was RMB 0.26 compared to RMB 0.24 a year ago.

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%.