China Education Group's Fiscal 2024 Profit Plummets

MT Newswires Live

2024-11-26

China Education Group's (HKG:0839) attributable profit plunged to 418 million yuan in the year ended Aug. 31 from 1.38 billion yuan in the year-ago period, according to a Tuesday filing with the Hong Kong Exchange.

Earnings per share at the educational services company plummeted to 0.1613 yuan from 0.5522 yuan in the previous year.

Revenue grew to 6.58 billion yuan from 5.62 billion yuan a year earlier.

The company declared a final dividend of 0.1028 yuan per share, payable March 26, 2025 to shareholders on record as of Feb. 26, 2025.

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