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Ginkgo Education (01851.HK)'s annual profit increased by about 74.1% to about 148 million yuan
On March 27, Ge Longhui | Ginkgo Education (01851.HK) announced that for the year ended December 31, 2023, the company's revenue was approximately RMB 354.9 million, an increase of about 24.0%. This increase is mainly due to (i) tuition fees for the reporting period of approximately RMB 303.4 million, an increase of about 22.9%, and (ii) accommodation fees for the reporting period of approximately RMB 24.9 million, an increase of approximately 27.5%. The increase was due to the increase in the number of students enrolled in the 2023/2024 academic year and the increase in average tuition and accommodation fees. The Group's profit increased by about 74.1% to about people during the reporting period
Ginkgo Education (01851) announced its 2023 annual results, with net profit of 148 million yuan, an increase of 74.1% over the previous year
Ginkgo Education (01851) announced its annual results for the year ended December 31, 2023, with revenue of 355 million yuan (...
GINGKO EDU: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
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Changes in Hong Kong stocks 丨 Ginkgo Education once rose by more than 40%, and is expected to earn more than 50% more last year
Glonghui, March 15 | Ginkgo Education (1851.HK) is pleased to see a profit increase of more than 50% last year, stimulating the stock price to rise 41.3% to HK$1.3 this morning. However, transactions have been weak. Up to now, the transaction was less than HK$1 million. The company expects profit attributable to shareholders to increase by no less than 50% for the year ending the end of last year, mainly benefiting from the number of enrolled students; a significant increase in average tuition and accommodation fees; and a reduction in financial expenses due to a decrease in loan balances and a decrease in interest rates on new Group loans.
China Gingko Education Expects 50% Higher Profit in 2023
China Gingko Education Group (HKG:1851) expects a year-on-year increase of 50% in net profit attributable to owners of the company for the year ended Dec. 31, 2023, from 85 million yuan in the previou
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