New Oriental Reports Mixed Financial Results

New Oriental Education & Technology Group, Inc. (HK:9901) has released an update.

New Oriental Education & Technology Group Inc., a leading private education provider in China, reports a significant 32.1% increase in total net revenues, reaching US$1,136.7 million for Q4 of 2024, despite a sharp 78.1% decline in operating income. The company’s net income attributable to shareholders decreased by 6.9% compared to the previous year, amounting to US$27.0 million for the same period.

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