Distance education in the third quarter net profit of 900,000 U.S. dollars fell 31%

Sina Science and technology news Beijing time, August 18, the early morning message, is guaranteed distance education (NYSE:DL) has just announced the third quarter of 2011 as at June 30, 2011, unaudited earnings.　　The report shows that distance education in the third quarter net revenue of 12.7 million U.S. dollars, an increase of 22.7%, net profit of 900,000 U.S. dollars, compared with the same period last year, 1.3 million U.S. dollar decline 30.8%. Summary of business and financial performance for the third quarter of 2011: The total number of fee participants reached 324,400, an increase of 34% per cent over the same period in 2010.　　Net income was 12.7 million dollars, up 22.7% from the same period in 2010. Gross profit was 7.3 million dollars, up 21.8% from the same period in 2010. Gross profit margin of 57.6%, 2010 the same period of 58%.　　Non-GAAP gross profit margin excluding the cost of shares is 60.5%, 2010 the same period of 62.1%. Net profit was USD 900,000 and net profit was $1.3 million in the same period in 2010. Excluding the equity cost and value of USD 800,000, the non-GAAP net profit of the acquisition of the write-off fee for the future purchase of minority shareholder interest is $2.7 million in the purchase of Pao Education Technology Limited (hereinafter referred to as "positive Pao").　　Non-GAAP net profit of excluding equity fees for the same period in 2010 was USD 2.4 million. Basic and diluted ads for each share of 0.028 U.S. dollars, the same period in 2010, the basic and diluted ads per share revenue are 0.037 U.S. dollars. Ads per share represent four common shares.　　The basic and diluted cost of excluding equity fees and the cancellation fees for equity purchases per share of the non-GAAP earnings of ads are 0.083 U.S. dollars, the same period in 2010, excluding the basic and diluted share costs per share of ads non-GAAP earnings are 0.068 U.S. dollars. Performance Outlook: Distance education is expected to be in the fourth quarter of 2011, the net income will be between 12.7 million dollars to 13.3 million U.S. dollars, 2010 the same period of 11.4 million U.S. dollars.　　This is just our initial estimate and the actual results may be different. Conference Call: The senior management of the distance education company will hold a conference call on August 18, 2011, eight O ' 8 o'clock/Pacific time in the morning, five/Beijing time in the morning, and discuss the financial performance of the third quarter and the latest business progress. You can dial +1 (866) 519 4004 (USA)/(800) 930 346 (Hong Kong)/(800) 819 0121 (China Telecom)/(400) 620 8038 (China Mobile) or 0 808 234 6646 (UK) to participate in this conference call, enter password: CDE　　L。 The conference call recording will be opened later after the meeting is valid until August 25, 2011, you can call + 1 (866) 214 5335 (USA)/(800) 901 596 (Hong Kong)/10 (800) 714 0386 (North China)/10 (800) 140 0386 (South China)/0 800 731 7846 (UK), enter password: 87364773, listen to the recording of this meeting.