Futu Information learned that on April 26th TAL Education Group announced the results for the fourth quarter of fiscal year 2018 and the results for the whole fiscal year (as of February 28th, 2018). Fourth-quarter adjusted earnings per ADS of 14 cents, market expectations of 12 cents; fourth-quarter revenue of 504 million dollars, market expectations of 483 million dollars; first-quarter revenue of $5.09 to 515 million dollars, market expectations of 493 million dollars.

TAL Education Group's share price rose 5.7% to $37.45 before trading, spurred by the earnings news.

Source: Futuo Niuniu

Fiscal year 2018FourthFor the fiscal quarterBright spot

• Operating income was 504.1 million US dollars, an increase of 59.4% over the same period last year.

• Operating profit was 66.9 million US dollars, up 54.0% from the same period last year.

• Non-GAAP operating profit was 79.5 million US dollars, up 47.7% from the same period last year.

• Net profit attributable to TAL was $69.5 million, up 102.9% from a year earlier.

• Non-GAAP net profit of US $82.1 million, an increase of 83.9% over the same period last year

• The basic and diluted net income of each American depositary receipt ("ADS") is US $0.13 and US $0.12.

  Non-GAAP basic and diluted net income (excluding equity incentive fees) is US $0.15 and US $0.14

• The total enrollment increased by 95.7% from about 1336600 in the same period last year to about 2615760.
  

Highlights of FY2018 performance

• The operating income was 1.715 billion US dollars, an increase of 64.4% over the same period last year.

• Operating profit was 208.6 million US dollars, an increase of 55.0% over the same period last year.

• Non-GAAP operating profit was 255.8 million US dollars, up 49.8% from the same period last year.

• Net profit attributable to TAL was $198.4 million, up 69.8% from a year earlier.

• Net profit of non-GAAP attributable to TAL was US $245.6 million, up 60.5% from a year earlier.

• Net basic and diluted income per ADS is $0.38 and US $0.34

  Non-GAAP basic and diluted net income is $0.47 and US $0.43

• The average quarterly enrollment in fiscal year 2018 increased by 89.3% year-on-year to about 1862410.

• As of February 28, 2018, the total number of physical networks has increased from 507 learning centers in 30 cities to 594 learning centers in 42 cities.

(editor / Zhao Xianju)