Puxin Limited (NEW) Reports Q2 EPS of $0.07

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Go back to Puxin Limited (NEW) Reports Q2 EPS of $0.07

Puxin Limited Announces Second Quarter 2020 Unaudited Financial Results

August 24, 2020 7:18 AM EDT

BEIJING, Aug. 24, 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 second quarter ended June 30, 2020.

Highlights for the Second Quarter Ended June 30, 2020

Net revenues were RMB601.1 million (US$85.1 million), a decrease of 5.0% from RMB632.9 million in the second quarter of 2019. Operating loss was RMB25.8 million (US$3.7 million), a decrease of 84.7% from RMB168.7 million in the second quarter of 2019. Adjusted operating... More