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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.