Gelonghui, April 30, 丨 Yuhua Education (06169.HK) announced the interim results for the six months ended February 29, 2024, with revenue of 1,253 billion yuan, up 5.4% year on year; adjusted net profit of the company's equity holders was 230 million yuan, a decrease of 52.5% year on year; company equity holders should account for profit of 0.05 yuan per share.
The reduction in net profit attributable to the adjusted company's equity holders is mainly due to the Group's increased investment in teaching and facilities to further improve the quality of teaching provided by the company and enhance students' learning experience, leading to increased costs and expenses.