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China Liberal Education Holdings Limited Reports Financial Results for Fiscal Year 2020
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BEIJING, April 30, 2021 /PRNewswire/ China Liberal Education Holdings Limited (Nasdaq: CLEU) ( China Liberal, or the Company, or we ), an educational service provider in China, today announced its financial results for the fiscal year ended December 31, 2020.
Ms. Ngai Ngai Lam, Chairwoman and CEO of China Liberal, commented, We delivered strong results for fiscal year 2020. The number of students enrolled in our Sino-foreign jointly managed education programs increased by 22.1%. For fiscal year 2020, our gross profit increased by 51.2% to $2.87 million and gross margin reached 57.1%. Our net income increased by 176.0% to $1.21 million for fiscal year 2020. Looking forward, we will implement our growth strategy in identifying, acquiring, and integrating schools including universities, colleges, technical secondary schools or full-
[Photo/Xinhua]
Zhai Zheng, an associate professor at Beijing Foreign Studies University (BFSU), came to the United States about 16 years ago through the Fulbright Program to teach Chinese language and culture at a university in Montana. He visited more than 20 states in the US over a month s time before returning to China. This experience was filled with so many pleasant memories that when I returned to China, I created and offered a course on American culture and society where I shared my understanding of the United States with hundreds of students at Beiwai (BFSU), Zhai told an audience at a virtual discussion hosted by the Carter Center and the Intellisia Institute in Atlanta on Wednesday.
More personal exchanges would boost Sino-US ties chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.