|
|
ChinaEdu Picks Up Profit With Online Degrees
CEDU, ChinaEdu, education
Posted by: Megan Ko on May 22, 2008 | 08:05
Editorial Summary
Beijing-based online degree services provider ChinaEdu Corporation (Nasdaq: CEDU) reported results for the first quarter after market close on Wednesday. ChinaEdu's net revenue was up 23.8 percent year-on-year to $9.9 million, while net income jumped to $0.3 million from RMB 0.3 million last year.
During the three month period, the number of revenue students in ChinaEdu-partnered online degree programs increased 23 percent year-on-year to over 91,000 students. Revenue generated from online degree programs hit $7.8 million, up 37.1 percent from the year-ago period. Revenue from the company's non-online degree programs was down 9.3 percent year-on-year to $2.1 million. The company's non-online degree programs include international curriculum programs, private primary and secondary schools and online tutoring programs.
ChinaEdu expects revenue to come in between $10 million and $10.4 million for the second quarter.
|
|
|
|
COMMENTS
|
|
|
|
|
Related Articles |
Jul 17, 2008 - New Oriental Fiscal 2008 Income Rises 71%
EARNINGS  |
Jul 08, 2008 - China Online Learning Company Files For $115M US Listing
CAPITAL RAISING |
Jul 04, 2008 - New Oriental Records Q4 Revenue Of $40M
EARNINGS |
May 29, 2008 - Noah Loses Copyright Lawsuit To Ren'ai Publishing
LAW & INFRINGEMENTS |
May 28, 2008 - Pearson Acquires Chinese Education Companies
DEALS |
May 27, 2008 - New Oriental To Build Hope Schools
EXPENDITURE |
May 22, 2008 - ChinaEdu Picks Up Profit With Online Degrees
EARNINGS |
May 16, 2008 - China Education Alliance Income Up 91% YoY
EARNINGS |
May 16, 2008 - Noah Quarterly Income Hits $7.9M
EARNINGS |
May 07, 2008 - Noah Education CFO Resigns
PEOPLE |
|
| |
|
Related Company |
ChinaEdu (profile) |
| |
 |
|
WHAT ARE WE TRACKING? |
|
| |
 |
|
Take a look at our Keyword Map |
| |
|
|
 |
|
|
 |
|
| |
|
EARNINGS 
