Continuing operations 0.16 0.13 0.16
Discontinued operations 0.05 - -
BRIGHT SCHOLAR EDUCATION HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Amounts in thousands)
Three Months Ended November 30,
-----------------------------------
2023 2024
----------- ----------------------
GBP GBP USD
Net cash used in operating activities (2,327) (5,657) (7,207)
Net cash (used in)/ generated from
investing activities (1,965) 3,561 4,522
Net cash used in financing activities (210) (4,442) (5,641)
Effect of exchange rate changes on
cash and cash equivalents, and
restricted cash 627 (263) (333)
Net change in cash and cash
equivalents, (3,875) (6,819) (8,658)
and restricted cash
Cash and cash equivalents, and
restricted cash 61,697 54,325 68,987
at beginning of the period
Cash and cash equivalents, and
restricted cash 57,822 47,506 60,329
at end of the period
----------- ---------- ----------
BRIGHT SCHOLAR EDUCATION HOLDINGS LIMITED
Reconciliations of GAAP and Non-GAAP Results
(Amounts in thousands, except for shares and per share data, income per
share, income per ADS)
Three Months Ended November 30,
-------------------------------------
2023 2024
----------- ------------------------
GBP GBP USD
Gross profit from continuing
operations 17,863 13,043 16,563
Add: Amortization of intangible
assets 116 113 143
Adjusted gross profit from
continuing operations 17,979 13,156 16,706
Operating income from continuing
operations 6,287 4,771 6,058
Add: Share-based compensation
expenses - 345 438
Add: Amortization of intangible
assets 116 113 143
Adjusted operating income from
continuing operations 6,403 5,229 6,639
Net income 6,601 4,012 5,095
Add: Share-based compensation
expenses - 345 438
Add: Amortization of intangible
assets 116 113 143
Add: Tax effect of amortization of
intangible assets (23) (23) (29)
Less: Income from discontinued
operations, net of tax 1,599 - -
Adjusted net income 5,095 4,447 5,647
Net income attributable to ordinary
shareholders 6,098 3,737 4,746
Add: Share-based compensation
expenses - 345 438
Add: Amortization of intangible
assets 88 86 109
Add: Tax effect of amortization of
intangible assets (18) (18) (23)
Less: Income from discontinued
operations, net of tax 1,408 - -
Adjusted net income attributable to
ordinary shareholders 4,760 4,150 5,270
Net income 6,601 4,012 5,095
Add: Interest income, net (94) (59) (75)
Add: Income tax expense 1,449 814 1,034
Add: Depreciation and amortization 1,279 1,266 1,608
Add: Share-based compensation
expenses - 345 438
Less: Income from discontinued
operations, net of tax 1,599 - -
Adjusted EBITDA 7,636 6,378 8,100
Weighted average shares used
in calculating adjusted net
income per ordinary share:
--Basic 118,669,795 118,669,795 118,669,795
--Diluted 118,669,795 119,283,889 119,283,889
Adjusted net income per share
attributable
to ordinary shareholders
--Basic 0.04 0.04 0.04
--Diluted 0.04 0.03 0.04
Adjusted net income per ADS
--Basic and diluted 0.16 0.14 0.18
View original content:https://www.prnewswire.com/news-releases/bright-scholar-announces-unaudited-financial-results-for-the-first-quarter-of-fiscal-year-2025-302359512.html
SOURCE Bright Scholar Education Holdings Ltd.
(END) Dow Jones Newswires
January 24, 2025 05:00 ET (10:00 GMT)
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