/PRNewswire/ China Liberal Education Holdings Limited (Nasdaq: CLEU) ("China Liberal", the "Company", or "we"), an educational services provider in China,.
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-
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Revenue increased by 20.8% year-over-year to $2.27 million for the six months ended June 30, 2020 from $1.88 million for the same period last year.
Gross profit decreased by 8.1% to $0.79 million for the six months ended June 30, 2020 from $0.86 million for the same period last year.
Gross margins were 34.7% and 45.6% for the six months ended June 30, 2020 and 2019, respectively.
Loss from operations was $0.11 million for the six months ended June 30, 2020, compared to income from operations of $0.19 million for the same period last year. Operating loss margin was 5.0% for the six months ended June 30, 2020, compared to operating profit margin of 10.1% for the same period last year.
Net loss was $0.08 million for the six months ended June 30, 2020, compared to $0.14 million for the same period last year.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
China Liberal Education Holdings Limited Starts Higher Volume Production and Expands Domestic Sales Channels of All-in-one Machine AI-Space
December 18, 2020 GMT
BEIJING, Dec. 18, 2020 /PRNewswire/ China Liberal Education Holdings Limited (Nasdaq: CLEU) (“China Liberal”, or the “Company”, or “we”), an educational services provider in China, today announced that the Company had started higher volume production and expanded domestic sales channels of AI-Space (“AI-Space”), an all-in-one machine designed to provide highly integrated visualization solutions for various scenarios with strict reliability requirements.
The Company has signed four regional sales cooperation agreements (the “Agreements”) with four companies (the “Regional Sales Agents”) covering the markets of five provincial-level regions in China, which are Sichuan, Shandong, Inner Mongolia, Shanxi and F