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An announcement from Scholar Education Group ( (HK:1769) ) is now available.
Scholar Education Group has announced a positive profit alert for the year ending December 31, 2024, expecting record-high revenue and net profit figures. The anticipated revenue is at least RMB835.0 million, marking a 46.3% increase from the previous year, while net profit is expected to rise by 62.8% to at least RMB140.0 million. These results are attributed to increased tutoring hours and improved operational efficiency. The Group is also making strategic progress in Guangdong Province, with promising developments in the Guangzhou market expected to contribute to its long-term growth.
More about Scholar Education Group
Scholar Education Group is a company incorporated in the Cayman Islands, operating in the education sector. It focuses on providing tutoring services, with a strategic emphasis on expanding its market presence in Guangdong Province, particularly in Guangzhou.
YTD Price Performance: -20.78%
Average Trading Volume: 2,767,819
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$2.28B
For an in-depth examination of 1769 stock, go to TipRanks’ Stock Analysis page.