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Minsheng Education Group Co. Ltd. ( (HK:1569) ) has issued an update.
Minsheng Education Group Co. Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024, with a 17.2% decrease in total revenue and a 41.2% drop in adjusted EBITDA compared to the previous year. Despite these declines, the company’s gearing ratio remains healthy at 37.0%, indicating stable financial management. The announcement highlights challenges in the company’s operations, potentially impacting its market positioning and stakeholder confidence.
More about Minsheng Education Group Co. Ltd.
Minsheng Education Group Co. Ltd. is a company incorporated in the Cayman Islands, focusing on the education sector. It is listed on the Hong Kong Stock Exchange and provides educational services and products.
YTD Price Performance: -4.50%
Average Trading Volume: 883,684
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$805.6M
For an in-depth examination of 1569 stock, go to TipRanks’ Stock Analysis page.