China East Education’s Profits Surge Amid Challenges

China East Education Holdings Limited (HK:0667) has released an update.

China East Education Holdings Limited reported a mixed performance for the first half of 2024, with a decline in student enrollments and a slight decrease in total assets, but saw revenue and net profit grow by 1.6% and 33.2% respectively. The company experienced a noteworthy increase in adjusted net profit by 57.9% and a 13% rise in adjusted EBITDA, despite a reduction in the number of schools and learning centers. These results highlight the company’s profitability and operational efficiency amidst a challenging environment.

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