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Bright Scholar Education Holdings ( (BEDU) ) has provided an update.
On January 24, 2025, Bright Scholar Education Holdings announced its unaudited financial results for the first quarter of fiscal year 2025, which ended on November 30, 2024. The company’s revenue from continuing operations was GBP44.7 million, a decline from GBP53.3 million in the same quarter last year. Despite the decrease in total revenue, the company reported a growth in overseas study counselling revenue by 5.8% year over year. Bright Scholar also achieved a significant reduction in SG&A expenses by 33.0%, demonstrating improved operational efficiency. The company introduced a share repurchase plan to enhance shareholder value and continues to pursue its dual-engine growth strategy, focusing on expanding its schools business and global recruitment initiatives. The financial results indicate a strategic realignment with a new reporting currency and segment reporting to align better with business activities and strategic priorities.
More about Bright Scholar Education Holdings
Bright Scholar Education Holdings Limited is a global premier education service company, primarily focusing on providing a range of educational services including schools and overseas study counselling. The company is positioned in the education industry and has a market focus on expanding its services internationally.
YTD Price Performance: 18.18%
Average Trading Volume: 10,754
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $57.97M
Find detailed analytics on BEDU stock on TipRanks’ Stock Analysis page.
