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China Education Alliance Income Up 91% YoY
CEUA, China Education Alliance, Education, Yu Xiqun
Posted by: Megan Ko on May 16, 2008 | 16:05
Editorial Summary
Educational resource distributor China Education Alliance, Inc. (OTC: CEUA) reported first quarter results before market open on Friday. Total revenue for the period was up 31.9 percent year-on-year to $4.1 million. Online education accounted for 75.8 percent of the total, down from 85.1 percent a year ago, while 24.2 percent of revenue was generated by the company’s training center business. Company net income was $1.9 million, up 90.8 percent year-on-year. China Education Alliance provides educational materials through its online portal, software and media, and training centers.
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