SHANGHAI :
RYB Education's Third-Quarter Profits Double to USD9 Million
Chen Juan
DATE:  Nov 30 2017
/ SOURCE:  Yicai
RYB Education's Third-Quarter Profits Double to USD9 Million RYB Education's Third-Quarter Profits Double to USD9 Million

(Yicai Global) Nov. 30 -- Chinese education firm RYB Education Inc. [NYSE:RYB], which is currently subject to widespread criticism after parents accused its teachers of child abuse, recorded net profits of USD9 million in the third quarter of this year, double the figure for 2016, according to its latest financial report.

The company's unaudited financials showed it pulled in revenue of USD37.4 million in the quarter, up from USD26.9 million in the same period last year.

Through the first nine months of the year, RYB profited USD22 million on revenue of USD101.7 million, climbing from USD14.5 million and  USD76.1 million, respectively, last year.

As of the end of Sept. 30, the company had some 21,413 children enrolled in its directly-operated kindergartens. There were 910 and 209 children enrolled in its franchised learning centers and kindergartens, respectively.

The education group's cash, cash equivalents and fixed deposits were worth USD178.4 million at the end of the third quarter, up more than USD130 million from the end of last year.

Follow Yicai Global on
Keywords:   RYB Education,Financial Report,Education