SHANGHAI, May 18, 2020 /PRNewswire/ — Four Seasons Education (Cayman) Inc. (“Four Seasons Education” or the “Company”) (NYSE: FEDU), a leading Shanghai-based educational company dedicated to providing comprehensive after-school education services with a focus on high-quality math education, today announced its unaudited financial results for the fourth quarter and fiscal year 2020, ended February 29, 2020.
Fourth Quarter Fiscal Year 2020 Financial and Operational Highlights
Revenue increased by 9.8% to RMB71.1 million (US$10.2 million) from RMB64.7 million in the same period of last year.
Gross profit increased by 32.4% to RMB24.8 million (US$3.5 million) from RMB18.7 million in the same period of last year.
Operating loss was RMB168.2 million (US$24.1 million), compared with RMB30.1 million in the same period of last year.
Adjusted operating loss(1) (non-GAAP) was RMB15.1 million (US$2.2 million),