tiprankstipranks
Trending News
More News >

Scholar Education Group Reports Robust Financial Growth for 2024

Story Highlights
Scholar Education Group Reports Robust Financial Growth for 2024

Don’t Miss TipRanks’ Half-Year Sale

Scholar Education Group ( (HK:1769) ) has provided an announcement.

Scholar Education Group announced a significant increase in its financial performance for the year ended December 31, 2024. The company’s revenue rose by 49.4% to RMB 852,327,000, and its gross profit increased by 39.8% to RMB 333,392,000. The profit attributable to owners surged by 69.4% to RMB 145,645,000, with adjusted profit showing a 62.7% increase. The company attributes this growth to improved operational efficiencies and the cessation of its loss-making live commerce business. These results indicate a strong financial position and suggest positive implications for stakeholders, enhancing the company’s competitiveness in the education sector.

More about Scholar Education Group

Scholar Education Group operates in the education industry, providing educational services and products. The company is focused on delivering quality education and has a market presence in Hong Kong.

YTD Price Performance: -13.14%

Average Trading Volume: 3,074,104

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$2.64B

See more data about 1769 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1