Bright Scholar Education Holdings (BEDU) has released an update.
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Bright Scholar Education Holdings reported a significant upturn in its fiscal 2024 second quarter results, with a 40.2% surge in gross profit and a swing to a net income of RMB2.9 million from a prior year’s loss. The company’s total revenue grew by 17.2% year-over-year, driven by robust performance in its Overseas Schools and Complementary Education Services segments. The improved financials reflect the company’s successful cost optimization and market share expansion in the global education sector.
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