Bojun Education Faces Significant Financial Losses

Bojun Education Company Limited (HK:1758) has released an update.

Bojun Education Company Limited has issued a profit warning, revealing an expected net loss of approximately RMB36.7 million to RMB44.8 million for the year ending August 31, 2024, compared to a net profit of RMB51.0 million the previous year. This downturn is largely due to a substantial increase in finance costs, primarily from borrowings for constructing a new school campus. Investors are advised to exercise caution as the final financial results will be announced on November 28, 2024.

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