Puxin Limited (NEW) Reports Q4 Loss of $0.15
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Puxin Limited Announces Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results
March 5, 2020 5:00 AM ESTBEIJING, March 5, 2020 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019.
Fourth Quarter 2019 Financial and Operational Highlights
Net revenues were RMB859.3 million (US$123.4 million), an increase of 61.7% from RMB531.4 million in the fourth quarter of 2018. Operating loss was RMB93.8 million (US$13.5 million), a decrease of 43.4% from RMB165.9 million in the fourth quarter of 2018. Adjusted operating loss[1]... More