China New Higher Education Group Ltd (HK:2001) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
China New Higher Education Group Ltd reported a 13.8% increase in revenue to RMB2.41 billion and a 6.1% rise in adjusted net profit to RMB0.77 billion for the year ending August 2024, driven by a high-quality development strategy and robust employment rates. The company plans to issue a Scrip Dividend Scheme to maintain shareholder returns while conserving cash for business growth and enhancing its educational offerings amid increasing competition in the higher education market. This strategy aligns with favorable policies, enabling the group to further its expansion and sustain its growth trajectory.
For further insights into HK:2001 stock, check out TipRanks’ Stock Analysis page.