{"id":11114,"date":"2013-10-24T08:34:55","date_gmt":"2013-10-24T12:34:55","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=11114"},"modified":"2013-10-24T06:11:06","modified_gmt":"2013-10-24T10:11:06","slug":"new-oriental-education-tech-grp-adr-nyseedu-publicized-financial-results-for-the-first-fiscal-quarter","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/new-oriental-education-tech-grp-adr-nyseedu-publicized-financial-results-for-the-first-fiscal-quarter-11114","title":{"rendered":"New Oriental Education &#038; Tech Grp (ADR) (NYSE:EDU) Publicized Financial Results For The First Fiscal Quarter"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 10\/24\/2013 (wallstreetpr) &#8211;\u00a0The prevalent provider of educational services in China,\u00a0New Oriental Education &amp; Tech Grp (ADR) (NYSE:EDU) today publicized its unaudited financial results for the first fiscal quarter that ended August 31, 2013.<\/p>\n<p style=\"text-align: justify;\">Net revenues for the company have increased by 15.7% to $388.7 million as compared to the same period of the previous fiscal year.<\/p>\n<p style=\"text-align: justify;\">Net income has also increased by 31.9% to $126.5 million as compared to the same period of the last fiscal year.<\/p>\n<p style=\"text-align: justify;\">Non GAAP net income after excluding the entire share based compensation expenses has also jumped 28.5% to $131.9 million as compared to $102.6 million in the same period of the last fiscal year.<\/p>\n<p style=\"text-align: justify;\">Non GAAP operating income also showed the same increasing trend and has increased by 30.1% to $140.8 million from $108.3 million last year after excluding all the share based compensations.<\/p>\n<p style=\"text-align: justify;\">Operating income of the education giant has also jumped 33.4% to $135.5 million from $101.6 million in the same period of the previous fiscal year.<\/p>\n<p style=\"text-align: justify;\">Diluted and basic net incomes attributable to the organization per ADS (American Depositary Share) are $0.81 and $0.82 respectively.<\/p>\n<p style=\"text-align: justify;\">Non GAAP diluted and basic net incomes per ADS after excluding all the share based compensations are $0.84 and $0.85 respectively. Each American Depositary Share signifies one common share of New Oriental Education.<\/p>\n<p style=\"text-align: justify;\">The number of total students enrolled in different test preparation courses and academic subjects also increased 2.3% to 919,400 approx as compared to 898,900 students in the same period of the previous fiscal year.<\/p>\n<p style=\"text-align: justify;\">As of August 21, 2012, total numbers of learning centers and schools for New Oriental Education were 726, but this year showed a reduction of 13 schools and learning centers and now the figure totals 713.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 10\/24\/2013 (wallstreetpr) &#8211;\u00a0The prevalent provider of educational services in China,\u00a0New Oriental Education &amp; Tech Grp (ADR) (NYSE:EDU) today publicized its unaudited financial results [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":11115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[260],"tags":[3655,3654,3652,3653],"stock_ticker":[],"class_list":["post-11114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advancers","tag-edu","tag-new-oriental-education-tech-grp-adr","tag-new-oriental-education-tech-grp-adr-nyseedu","tag-nyseedu","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Oriental Education &amp; 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