Boston, MA 06/17/2013 (wallstreetpr) – The prices of American Depository Shares of China Distance Education Hldgs Ltd ADR (NYSE:DL) had surged by 11.34 percent to close at $7.76 per share for the end of last trading session on Friday. The shares of the company had been trading in the range of $6.99 to $8.00 per ADR, thereby pushing the company to touch new peaks. The American Depository Shares of China Distance Education Hldgs Ltd ADR (NYSE:DL) had thus adjusted their 52 week high price level to the new value of $8.00 per ADR and 52 week low price level for the company is at $2.40 per ADR.
China Distance Education Hldgs Ltd ADR (NYSE:DL) is primarily involved in providing online education through its online courses and test preparation courses and other related products and services. The courses offered by the company are in the wide range of education fields related to accounting, law, healthcare, construction engineering and other industries.
The online and offline education services provided by China Distance Education Hldgs Ltd ADR (NYSE:DL) enable the professionals and the course participants to acquire the necessary skills, licenses and certifications necessary to pursue their careers in the related fields. Further the company also offers offline business start up training courses and in person accounting and health care courses.
In the recently released financial results for the second quarter of fiscal year, 2013 China Distance Education Hldgs Ltd ADR (NYSE:DL) had reported revenues of $13.0 million, which was observed to be an increase of 5.4 percent over the revenue for the same quarter of previous year. The net income for basic and diluted American Depository Shares of the company was observed to e $0.023 per ADR, compared to the net income of $0.083 per ADR for the same quarter of previous year.
