School education in the third quarter net deficit 6.3 million U.S. dollars year-on-year Shang 163%

Sina Science and technology news Beijing time of November 16, the School of Education (Nyse:xue) today released the third quarter of fiscal year 2011 earnings, net revenue of 51.5 million U.S. dollars, an increase of 32.2%.　　Net loss of 6.3 million U.S. dollars, compared with the net loss of 2.4 million U.S. dollars a year earlier, a 162.5% increase in losses.　　Third-quarter Performance summary: Net revenue of 51.5 million U.S. dollars, compared with the same period of 39 million U.S. dollars year-on-year growth of 32.2%.　　Gross profit was $12.4 million trillion, up 10.3% from 11.3 million dollars a year earlier.　　Operating loss of 6.6 million U.S. dollars, compared with a year earlier to 2.4 million U.S. dollars.　　Net loss of USD 6.3 million, while net loss of $2.4 million a year earlier. By the end of the third quarter, the number of teaching centers had increased to 273, covering 62 cities.　　As of the third quarter of fiscal year 2010, there were 178 teaching centers covering 51 cities.　　The teaching period was 2.1 million hours, up 14.9% from 1.8 million hours a year earlier.　　The number of students served was about 51,500, up 28.7% from 40,000 a year earlier.　　The average fee is 25.98 dollars per lesson, up 14.6% from 22.68 dollars a year earlier. Third-quarter performance analysis: Net revenue of 51.5 million U.S. dollars, compared with the same period of 39 million U.S. dollars a year ago, an increase of 32.2%.　　Revenue growth is mainly due to increased classroom hours and higher fees per class. Revenue costs are $39.1 million trillion, up 41% from 27.8 million dollars a year earlier.　　The increase in revenue costs is mainly due to the increase in teacher costs, rents and the number of teaching centres. Gross profit was $12.4 million trillion, up 10.3% from 11.3 million dollars a year earlier.　　Gross margin was 24.1%, compared with 28.8% a year earlier.　　Operating expenses were $19 million trillion, up 39.7% from 13.6 million dollars a year earlier. General and administrative expenses were $10.4 million, up 44% from 7.2 million dollars a year earlier.　　The increase in general and administrative expenses is mainly attributable to the increase in the number of staff. Sales and marketing expenditures were $8.6 million trillion, up 34.7% from 6.4 million dollars a year earlier.　　The increase in sales and marketing expenditure is mainly due to increased expenditures related to advertising, marketing and branding activities.　　Operating loss of 6.6 million U.S. dollars, compared with a year earlier to 2.4 million U.S. dollars.　　Income tax was $100,000 trillion, compared with $200,000 a year earlier.　　Net loss of USD 6.3 million, while net loss of $2.4 million a year earlier.　　Based on non-US GAAP, the net loss was 5.2 million US dollars, compared with a net loss of $1.8 million a year earlier. The United States depository shares a basic loss of 0.09 U.S. dollars, and the same period last year, the basic loss of 0.07 U.S. dollars. Based on non-US general accounting standards, the United States depository shares of the basic loss of 0.07 U.S. dollars, and a year earlier the basic loss of 0.06Dollar. The United States depository shares diluted losses of $0.09 trillion, while the basic loss of $0.07 a year earlier. Based on non-US general accounting standards, the United States depository shares diluted losses of 0.07 U.S. dollars, and a year earlier, diluted losses of 0.06 U.S. dollars.　　The United States depository shares are equivalent to 2 common shares per share.　　As of September 30, 2011, Education had cash, cash equivalents and regular deposits of 202 million of dollars.　　As of September 30, 2011, deferred revenue was $91 million, compared with $86.2 million as at December 31, 2010.　　Stock repurchase as of November 14, 2011, the education program to the average of 3.01 dollars per share of the price repurchase 1,644,569 shares of the United States depository shares.　　The Quarterly and Full-year results: education is expected to achieve a net revenue of $41.8 million to $44 million trillion in fiscal year 2011, up from 12.2% to 18.1% per cent year-on-year.　　Revenue for fiscal year 2011 will reach $216 million to $218 million trillion, up 40.1% to 41.4% year-on-year. Conference Call: Education will be in the U.S. Eastern Time November 16 8 o'clock in the morning (Beijing time November 16 9 o'clock) conference call, listen to the telephone conference number as follows: United States: 1-866-519-4004 USA/International: 1-718-354-1231 mainland China (free): 800-819-0121 China (free, mobile): 400-620-8038 China Hong Kong (free): 800-930-346 China Hong Kong (pay): 852-2475-0994 password: 23345020 (Li Ming)