NEW ORIENTAL-S 4FQ Results Swing to Profit of US$28.96M

For the fourth fiscal quarter of 2023, the total net revenues increased by 64.2% year over year to US$860 million. Operating income was US$48.054 million, versus loss of US$106 million over a year ago period. Net income attributable to shareholders amounted to US$28.959 million, against loss of US$189 million over a year ago period. Basic net income per ADS was US$0.18.