Summary by Futu AI
New Oriental Education & Technology Group announced the unaudited financial performance for the first quarter of the 2025 fiscal year ending August 31, 2024. The net revenue for the quarter increased by 30.5% year-on-year to $1,435.4 million, excluding the net revenue from self-operated products and live e-commerce business of Eastbuy, which increased by 33.5% year-on-year to $1,278.2 million. The operating profit increased by 42.9% year-on-year to $293.2 million, and excluding the operating profit from the aforementioned self-operated products and business, it increased by 58.4% year-on-year to $303.1 million. New Oriental shareholders' net profit attributable to the company increased by 48.4% year-on-year to $245.4 million. The total number of schools and learning centers during the reporting period increased to 1,089. The board of...Show More