BEIJING, Nov. 29, 2017 /PRNewswire/ -- RYB Education,
Inc. ("RYB" or the "Company") (NYSE: RYB), a leading early
childhood education service provider in China, today announced its unaudited financial
results for the third quarter ended September 30, 2017.
Third Quarter 2017
Operational and Financial Highlights
- Number of students enrolled at RYB directly operated
kindergartens was 21,413 as of September 30,
2017.
- Number of franchise play-and-learn centers and kindergartens in
operation were 910 and 209 as of September
30, 2017 respectively.
- Net revenues were $37.4 million
compared with $26.9 million for the
third quarter of 2016.
- Gross profit was $9.0 million
compared with $4.5 million for the
third quarter of 2016.
- Net income attributable to ordinary shareholders of RYB for the
third quarter of 2017 was $1.6
million. Adjusted net income attributable to ordinary
shareholders[1] of RYB for the third quarter of 2017 was
$3.8 million, compared with
$2.2 million for the third quarter of
2016.
- Cash generated from operating activities reached $19.3 million during the third quarter of 2017,
compared with $11.8 million during
the third quarter of 2016.
First Nine Months of 2017 Financial Highlights
- Net revenues were $101.7 million,
compared with $76.1 million for the
first nine months of 2016.
- Gross profit was $22.0 million,
compared with $14.5 million for the
first nine months of 2016.
- Net income attributable to ordinary shareholders of RYB for the
first nine months of 2017 was $6.9
million, compared with $6.4
million for the same period last year. Adjusted net income
attributable to ordinary shareholders of RYB for the first nine
months of 2017 was $9.3 million,
compared with $6.4 million for the
first nine months of 2016.
- Cash generated from operating activities was $40.1 million for the first nine months of 2017,
compared with $30.2 million for the
first nine months of 2016.
[1]
Adjusted net income attributable to ordinary shareholders is a
non-GAAP financial measure, which is defined as net income
attributable to ordinary shareholders excluding share-based
compensation expenses. See "Use of Non-GAAP Financial Measures" and
"Reconciliations of GAAP and non-GAAP results" elsewhere in this
earnings release.
|
Third Quarter 2017 Financial Results
Net Revenues
Net revenues for the third quarter of 2017 were $37.4 million, compared with $26.9 million for the same quarter last year.
Services revenues for the third quarter of 2017 were
$31.9 million, compared with
$23.6 million for the same quarter
last year.
Products revenues for the third quarter of 2017 were
$5.5 million, compared with
$3.3 million for the same quarter
last year, primarily due to an increase in the amount of
merchandise sold through the Company's franchise network.
Cost of Revenues
Cost of revenues for the third quarter of 2017 was $28.4 million, compared with $22.4 million for the same quarter last year.
Cost of services revenues for the third quarter of 2017 was
$25.3 million, compared with
$20.8 million for the same quarter
last year. The increase was primarily due to an increase in staff
compensation at the Company's directly operated kindergartens and
play-and-learn centers and, to a lesser extent, an increase in
compensation to the franchise service and supervision team. Cost of
products revenues for the third quarter of 2017 was $3.1 million, compared with $1.6 million for the same quarter last year, as
the Company sold more products in the three months ended
September 30, 2017.
Gross Profit and Gross Margin
Gross profit for the third quarter of 2017 was $9.0 million, compared with $4.5 million for the same quarter last year.
Gross margin for the third quarter of 2017 was 24.1%, compared
with 16.8% for the same quarter last year.
Operating Expenses
Total operating expenses for the third quarter of 2017 were
$6.3 million, compared with
$2.0 million for the same quarter
last year. Excluding share-based compensation expenses, operating
expenses were $4.1 million.
Selling expenses for the third quarter of 2017 were $0.5 million compared with $0.5 million for the same quarter last year.
General and administrative ("G&A") expenses for the third
quarter of 2017 were $5.7 million,
compared with $1.6 million for the
same quarter last year. Excluding share-based compensation
expenses, G&A expenses were $3.6
million. The increase in G&A expense excluding
share-based compensation expenses was primarily due to higher cash
compensation cost and additional expenses incurred in professional
service fees. The share-based-compensation included in G&A
expense was $2.1 million for the
quarter.
Operating Income
Operating income for the third quarter of 2017 was $2.8 million, compared with $2.5 million for the same quarter last year.
Adjusted operating income[2] was $4.9 million.
Net Income
Net income attributable to ordinary shareholders of RYB for the
third quarter of 2017 was $1.6
million. Adjusted net income attributable to ordinary
shareholders of RYB, which excludes the impact of $2.2 million of share-based compensation expense
for the third quarter of 2017, was $3.8
million, compared with $2.2
million for the same quarter last year.
Basic and diluted net income per American depositary share
("ADS") attributable to ordinary shareholders of RYB for the third
quarter of 2017 were $0.07 and
$0.06, respectively compared with
basic and diluted net income per ADS attributable to ordinary
shareholders of RYB of $0.10
and $0.09, respectively for the same
quarter last year. Each ADS represents one Class A ordinary
share.
Adjusted basic and diluted net income per ADS attributable to
ordinary shareholders[3] of RYB for the third
quarter of 2017 were $0.16 and
$0.15, respectively, compared with
adjusted basic and diluted net income per ADS attributable to
ordinary shareholders of RYB of $0.10
and $0.09, respectively for the same
quarter last year.
EBITDA[4] for the third quarter of 2017 was
$4.5 million, compared with
$3.8 million for the same period last
year. Adjusted EBITDA[5] for the third quarter of 2017
was $6.7 million, compared with
$3.8 million for the same period last
year.
[2]
Adjusted operating income is a non-GAAP financial measure, which is
defined as operating income excluding share-based compensation
expenses. See "Use of Non-GAAP Financial Measures" and
"Reconciliations of GAAP and non-GAAP results" elsewhere in this
earnings release.
|
[3]
Adjusted basic and diluted net income per ADS attributable to
ordinary shareholders is a non-GAAP financial measure, which is
defined as basic and diluted net income per ADS attributable to
ordinary shareholders excluding share-based compensation expenses.
See "Use of Non-GAAP Financial Measures" and "Reconciliations of
GAAP and non-GAAP results" elsewhere in this earnings
release.
|
[4] EBITDA
is defined as net income excluding depreciation, amortization,
interest expenses and income tax expenses. See "Use of Non-GAAP
Financial Measures" and "Reconciliations of GAAP and non-GAAP
results" elsewhere in this earnings release.
|
[5]
Adjusted EBITDA is a non-GAAP financial measure, which is defined
as net income excluding depreciation, amortization, interest
expenses, income tax expenses, and share-based compensation
expenses. See "Use of Non-GAAP Financial Measures" and
"Reconciliations of GAAP and non-GAAP results" elsewhere in this
earnings release.
|
Balance Sheet
As of September 30, 2017, the
Company had total cash, cash equivalents and term deposits of
$178.4 million, compared with
$46.7 million as of December 31, 2016.
Operating Cash Flow
Cash generated from operating cash flow reached $19.3 million during the third quarter of 2017,
compared with $11.8 million during
the third quarter of 2016.
First Nine Months of 2017 Financial Results
Net Revenues
Net revenues for the first nine months of 2017 were $101.7 million, compared with $76.1 million for the first nine months of
2016.
Services revenues for the first nine months of 2017 were
$88.1 million, compared with
$66.9 million for the same period
last year.
Products revenues for the first nine months of 2017 were
$13.6 million, compared with
$9.1 million for the same period in
2016, primarily due to an increase in the amount of merchandise
sold through the Company's franchise network.
Cost of Revenues
Cost of revenues for the first nine months of 2017 was
$79.7 million, compared with
$61.6 million for the first nine
months of 2016. Cost of services revenues for the first nine months
of 2017 was $72.2 million, compared
with $57.2 million for the same
period in 2016. The increase was primarily due to an increase in
staff compensation at the Company's directly operated kindergartens
and play-and-learn centers and, to a lesser extent, an increase in
compensation to the franchise service and supervision team. Cost of
products revenues for the first nine months of 2017 was
$7.5 million, compared with
$4.4 million for the same period last
year, as the Company sold more products in the three months ended
September 30, 2017.
Gross Profit and Gross Margin
Gross profit for the first nine months of 2017 was $22.0 million, compared with $14.5 million for the first nine months of
2016.
Gross margin for the first nine months of 2017 was 21.7%,
compared with 19.1% for the same period last year.
Operating Expenses
Total operating expenses for the first nine months of 2017 were
$12.6 million, compared with
$6.8 million for the same period last
year. Excluding share-based compensation expenses operating
expenses were $10.3 million.
Selling expenses remained stable for the first nine months of
2017 at $1.2 million, compared with
$1.3 million for the same period last
year.
G&A expenses for the first nine months of 2017 were
$11.3 million, compared with
$5.5 million for the same period last
year. Excluding share-based compensation expenses, G&A expenses
were $9.1 million. The increase was
primarily due to higher expenses incurred in staff compensation and
professional service fees.
Operating Income
Operating income for the first nine months of 2017 was
$9.5 million, compared with
$7.7 million for the same period last
year.
Adjusted operating income for the first nine months 2017 was
$11.8 million, compared with
$7.7 million for the same period last
year.
Net Income
Net income attributable to ordinary shareholders of RYB for the
first nine months of 2017 was $6.9
million, compared with $6.4
million for the same period last year.
Adjusted net income attributable to ordinary shareholders of
RYB, which excludes the impact of share-based compensation expense,
for the first nine months of 2017 was $9.3
million, compared with $6.4
million for the same period last year.
Basic and diluted net income per American depositary share
("ADS") attributable to ordinary shareholders of RYB for the first
nine months of 2017 were $0.30 and
$0.28, respectively, compared with
basic and diluted net income per ADS attributable to ordinary
shareholders of RYB of $0.28 and
$0.26, respectively for the same
period last year. Each ADS represents one Class A ordinary
share.
Adjusted basic and diluted net income per ADS attributable to
ordinary shareholders of RYB for the first nine months of 2017 was
$0.40 and $0.37, respectively, compared with adjusted basic
and diluted net income per ADS attributable to ordinary
shareholders of RYB of $0.28 and
$0.26, respectively for the same
period last year.
EBITDA for the first nine months of 2017 was $14.2 million, compared with $11.6 million for the same period last year.
Adjusted EBITDA for the first nine months of 2017 was $16.5 million, compared with $11.6 million for the same period last year.
The Company has decided not to hold an earnings conference call
at this time.
About RYB Education, Inc.
Founded on the core values of ''Care'' and ''Responsibility,''
RYB Education, Inc. is a leading early childhood education service
provider in China. Since opening its first play-and-learn
center in 1998, the Company has grown and flourished with the
mission to provide individualized age-appropriate education to
stimulate and nurture children so they can realize their full
potential. During its nearly two decades of operating history, the
Company has built "RYB" into a well-recognized education brand and
helped bring about many new educational practices
in China's early childhood education industry. RYB's
comprehensive early childhood education solutions meet the needs of
children from infancy to 6 years old through structured courses at
kindergartens and play-and-learn centers,
as well as at-home educational products and services.
For more information, please visit http://ir.rybbaby.com
Use of Non-GAAP Financial Measures
We use EBITDA, adjusted EBITDA, adjusted operating income,
adjusted net income, and adjusted basic and diluted net income per
ADS, each a non-GAAP financial measure, in evaluating our operating
results and for financial and operational decision-making
purposes.
EBITDA is defined as net income excluding depreciation,
amortization, interest expenses, and income tax expenses; adjusted
EBITDA is defined as net income excluding depreciation,
amortization, interest expenses, income tax expenses, and
share-based compensation expenses; adjusted operating income is
defined as operating income excluding share-based compensation
expenses; adjusted net income attributable to ordinary shareholders
is defined as net income attributable to ordinary
shareholders excluding share-based compensation expenses; and
adjusted basic and diluted net income per ADS attributable to
ordinary shareholders are defined as basic and diluted net income
per ADS attributable to ordinary shareholders excluding share-based
compensation expenses.
We believe that EBITDA, adjusted EBITDA, adjusted operating
income, adjusted net income, and adjusted basic and diluted net
income per ADS, help identify underlying trends in our business
that could otherwise be distorted by the effect of certain expenses
that we include in income from operations and net income. We
believe that EBITDA, adjusted EBITDA, adjusted operating income,
adjusted net income, and adjusted basic and diluted net income per
ADS, provide useful information about our operating results,
enhance the overall understanding of our past performance and
future prospects and allow for greater visibility with respect to
key metrics used by our management in its financial and operational
decision-making.
EBITDA, adjusted EBITDA, adjusted operating income, adjusted net
income, and adjusted basic and diluted net income per ADS, should
not be considered in isolation or construed as an alternative to
net income or any other measure of performance or as an indicator
of our operating performance. Investors are encouraged to review
the historical Adjusted financial measures to the most directly
comparable GAAP measures. EBITDA, adjusted EBITDA, adjusted
operating income, adjusted net income, and adjusted basic and
diluted net income per ADS, presented here may not be comparable to
similarly titled measures presented by other companies. Other
companies may calculate similarly titled measures differently,
limiting their usefulness as comparative measures to our data. We
encourage investors and others to review our financial information
in its entirety and not rely on a single financial measure.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements.
Statements that are not historical facts, including statements
about the Company's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: the
Company's brand recognition and market reputation; student
enrollment in the Company's teaching facilities; the Company's
growth strategies; its future business development, results of
operations and financial condition; trends and competition in
China's early childhood education
market; changes in its revenues and certain cost or expense items;
the expected growth of the Chinese early education market; Chinese
governmental policies relating to the Company's industry and
general economic conditions in China. Further information regarding these and
other risks is included in the Company's filings with the SEC. All
information provided in this press release and in the attachments
is as of the date of this press release, and the Company undertakes
no obligation to update any forward-looking statement, except as
required under applicable law.
For investor and media inquiries, please contact:
In China:
RYB Education, Inc.
Investor Relations
Tel: 86-10-8767-5752
E-mail: ir@rybbaby.com
The Piacente Group, Inc.
Ross Warner
Tel: +86 (10) 5730-6200
E-mail: ryb@tpg-ir.com
In the United
States:
The Piacente Group,
Inc.
Alan Wang
Tel: +1-212-481-2050
E-mail: ryb@tpg-ir.com
UNAUDITED
CONDENSED CONSOLIDATED BALANCE SHEETS
|
(in thousands of
U.S. dollars)
|
|
|
|
As
of
|
|
September 30,
2017
|
December 31,
2016
|
Current
assets:
|
|
|
Cash and cash
equivalents
|
177,975
|
46,256
|
Term
deposits
|
451
|
432
|
Accounts receivable,
net
|
1,141
|
1,022
|
Inventories
|
3,690
|
3,043
|
Prepaid expenses and
other current assets
|
10,222
|
9,414
|
Amounts due from
related parties
|
198
|
3,816
|
Total current
assets
|
193,677
|
63,983
|
|
|
|
Non-current
assets:
|
|
|
Restricted
cash
|
388
|
372
|
Property, plant and
equipment, net
|
36,674
|
29,411
|
Goodwill
|
418
|
401
|
Long-term
investments
|
269
|
378
|
Deferred tax
assets
|
11,809
|
6,951
|
Other non-current
assets
|
3,087
|
2,914
|
Total
assets
|
246,322
|
104,410
|
|
|
|
Liabilities and
shareholders' equity
|
|
|
Current
liabilities:
|
|
|
Prepayments from
customers, current portion (including
prepayments from customers of the consolidated VIE
without recourse to the Group of $10,873 and $16,570 as of
September 30, 2017 and December 31, 2016, respectively)
|
10,879
|
16,576
|
Accrued expenses and
other current liabilities (including
accrued expenses and other current liabilities of the
consolidated VIE without recourse to the Group of $45,605
and $36,063 as of September 30, 2017 and December 31,
2016, respectively)
|
48,880
|
36,436
|
Income taxes payable
(including income taxes payable of
the consolidated VIE without recourse to the Group of
$9,884 and $ 5,498 as of September 30, 2017 and
December 31, 2016, respectively)
|
11,128
|
5,869
|
Deferred revenue,
current portion (including deferred
revenue of the consolidated VIE without recourse to the
Group of $34,061 and $20,446 as of September 30, 2017
and December 31, 2016, respectively)
|
34,343
|
21,406
|
Amounts due to a
related party (including amounts due to a
related party of the consolidated VIE without recourse to
the Group of nil and nil as of September 30, 2017 and
December 31, 2016, respectively)
|
990
|
-
|
Total current
liabilities
|
106,220
|
80,287
|
UNAUDITED
CONDENSED CONSOLIDATED BALANCE SHEETS
(Continued)
|
(in thousands of
U.S. dollars)
|
|
|
As
of
|
|
September 30,
2017
|
December 31,
2016
|
Non-current
liabilities:
|
|
|
Prepayments from
customers, non-current portion
(including prepayments from customers of the consolidated
VIE without recourse to the Group of $16,098 and $5,908
as of September 30, 2017 and December 31, 2016,
respectively)
|
16,098
|
5,908
|
Deferred revenue,
non-current portion (including deferred
revenue of the consolidated VIE without recourse to the
Group of $10,954 and $6,742 as of September 30, 2017 and
December 31, 2016, respectively)
|
13,019
|
8,242
|
Other non-current
liabilities (including other non-current
liabilities of the consolidated VIE without recourse to the
Group of $8,234 and $6,012 as of September 30, 2017 and
December 31, 2016, respectively)
|
8,234
|
6,012
|
Total
liabilities
|
143,571
|
100,449
|
|
|
|
Equity
|
|
|
Ordinary
shares
|
29
|
23
|
Additional paid-in
capital
|
127,438
|
36,420
|
Statutory
reserve
|
2,156
|
2,156
|
Accumulated other
comprehensive income
|
637
|
381
|
Accumulated
deficit
|
(28,557)
|
(35,472)
|
Total RYB
Education, Inc. shareholders' equity
|
101,703
|
3,508
|
Non-controlling
interest
|
1,048
|
453
|
Total
equity
|
102,751
|
3,961
|
Total liabilities
and total equity
|
246,322
|
104,410
|
UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
|
(in thousands of
U.S. dollars, except share, ADS, per share and per ADS
data)
|
|
|
Three Months
Ended
September 30,
|
Nine Months
Ended
September 30,
|
|
2017
|
2016
|
2017
|
2016
|
Net
revenues:
|
|
|
|
|
Services
|
31,865
|
23,601
|
88,114
|
66,938
|
Products
|
5,539
|
3,342
|
13,628
|
9,143
|
Total net
revenues
|
37,404
|
26,943
|
101,742
|
76,081
|
Cost of
revenues:
|
|
|
|
|
Services
|
25,257
|
20,770
|
72,230
|
57,162
|
Products
|
3,139
|
1,636
|
7,463
|
4,415
|
Total cost of
revenues
|
28,396
|
22,406
|
79,693
|
61,577
|
Gross
profit
|
9,008
|
4,537
|
22,049
|
14,504
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
Selling
expenses
|
513
|
464
|
1,238
|
1,279
|
General and
administrative expenses
|
5,744
|
1,585
|
11,313
|
5,529
|
Total operating
expenses
|
6,257
|
2,049
|
12,551
|
6,808
|
Operating
income
|
2,751
|
2,488
|
9,498
|
7,696
|
Interest
income
|
51
|
27
|
128
|
65
|
Government subsidy
income
|
239
|
99
|
420
|
363
|
Loss on disposal of
subsidiaries
|
-
|
-
|
(168)
|
-
|
Income before income
taxes
|
3,041
|
2,614
|
9,878
|
8,124
|
Income tax
expenses
|
1,529
|
684
|
3,326
|
2,127
|
Income before loss in
equity method investments
|
1,512
|
1,930
|
6,552
|
5,997
|
Loss from equity
method investments
|
(30)
|
-
|
(122)
|
-
|
Net income
|
1,482
|
1,930
|
6,430
|
5,997
|
Less: Net loss
attributable to non-controlling
interest
|
(106)
|
(272)
|
(485)
|
(417)
|
Net income
attributable to ordinary shareholders of
RYB Education, Inc.
|
1,588
|
2,202
|
6,915
|
6,414
|
Net income per share
attributable to ordinary
shareholders of RYB Education, Inc.
|
|
|
|
|
Basic
|
0.07
|
0.10
|
0.30
|
0.28
|
Diluted
|
0.06
|
0.09
|
0.28
|
0.26
|
Net income per ADS
attributable to ordinary
shareholders of RYB Education, Inc. (Note 1)
|
|
|
|
|
Basic
|
0.07
|
0.10
|
0.30
|
0.28
|
Diluted
|
0.06
|
0.09
|
0.28
|
0.26
|
Weighted average
shares used in calculating net
income per ordinary share
|
|
|
|
|
Basic
|
23,343,149
|
23,163,801
|
23,224,241
|
23,163,801
|
Diluted
|
25,255,573
|
24,793,242
|
24,858,196
|
24,646,575
|
Note 1: Each ADS represents one Class A ordinary share.
UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE
INCOME
|
(in thousands of
U.S. dollars)
|
|
|
Three Months
Ended
September 30,
|
Nine Months
Ended
September 30,
|
|
2017
|
2016
|
2017
|
2016
|
Net income
|
1,482
|
1,930
|
6,430
|
5,997
|
Other comprehensive
income (loss), net of tax of nil:
|
|
|
|
|
Change in cumulative
foreign currency translation
adjustments
|
128
|
(19)
|
295
|
(5)
|
Total
comprehensive income
|
1,610
|
1,911
|
6,725
|
5,992
|
Less: Comprehensive
loss attributable to non-
controlling interest
|
(86)
|
(271)
|
(446)
|
(406)
|
Comprehensive
income attributable to RYB
Education, Inc.
|
1,696
|
2,182
|
7,171
|
6,398
|
RECONCILIATION
OF GAAP AND NON-GAAP RESULTS
|
(in
thousands of U.S. dollars, except share, ADS, per share and per ADS
data)
|
|
|
Three Months
Ended
September 30,
|
Nine Months
Ended
September 30,
|
|
2017
|
2016
|
2017
|
2016
|
|
|
|
|
|
Operating
income
|
2,751
|
2,488
|
9,498
|
7,696
|
Share-based
compensation expenses
|
2,169
|
-
|
2,336
|
-
|
Adjusted operating
income
|
4,920
|
2,488
|
11,834
|
7,696
|
|
|
|
|
|
Net income
attributable to RYB
|
1,588
|
2,202
|
6,915
|
6,414
|
Share-based
compensation expenses
|
2,169
|
-
|
2,336
|
-
|
Adjusted net income
attributable to RYB
|
3,757
|
2,202
|
9,251
|
6,414
|
|
|
|
|
|
Net income
|
1,482
|
1,930
|
6,430
|
5,997
|
Add: Income tax
expense
|
1,529
|
684
|
3,326
|
2,127
|
Depreciation of property, plant and equipment
|
1,527
|
1,175
|
4,431
|
3,502
|
EBITDA
|
4,538
|
3,789
|
14,187
|
11,626
|
Share-based
compensation expenses
|
2,169
|
-
|
2,336
|
-
|
Adjusted
EBITDA
|
6,707
|
3,789
|
16,523
|
11,626
|
|
|
|
|
|
Net income per ADS
attributable to RYB- Basic
(Note1)
|
0.07
|
0.10
|
0.30
|
0.28
|
Net income per ADS
attributable to RYB- Diluted
(Note1)
|
0.06
|
0.09
|
0.28
|
0.26
|
|
|
|
|
|
Adjusted net income
per ADS attributable to RYB -
Basic (Note1)
|
0.16
|
0.10
|
0.40
|
0.28
|
Adjusted Net income
per ADS attributable to RYB -
Diluted (Note1)
|
0.15
|
0.09
|
0.37
|
0.26
|
|
|
|
|
|
Weighted average
shares used in calculating
basic net income per ADS(Note1)
|
23,343,149
|
23,163,801
|
23,224,241
|
23,163,801
|
Weighted average
shares used in calculating
diluted net income per ADS(Note1)
|
25,255,573
|
24,793,242
|
24,858,196
|
24,646,575
|
|
|
|
|
|
Adjusted net income
per share - Basic
|
0.16
|
0.10
|
0.40
|
0.28
|
Adjusted net income
per share - Diluted
|
0.15
|
0.09
|
0.37
|
0.26
|
Note 1: Each ADS represents one Class A ordinary share.
View original
content:http://www.prnewswire.com/news-releases/ryb-education-inc-reports-third-quarter-2017-financial-results-300564111.html
SOURCE RYB Education, Inc.