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1moreChinaAnalyst
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From New York, based in Shanghai.
My company:
Hull Research
  • ChinaCast Edu Corp (CAST) - Q1 2009 Earnings Call Transcript 0 comments
    Sep 17, 2009 11:46 AM
    Full transcript here.

    Operator: Good morning and Welcome to the ChinaCast Education Corporation Earnings Conference Call for the first quarter of 2009 ended March 31, 2009. With us, today, are Ron Chan, Chairman and Chief Executive Officer and Tony Sena, Chief Financial Officer. Mr. Chan will commence today’s call. The press release of the first quarter 2009 financial results is available on the ChinaCast Investor Relations Website at www.chinacasteducation.com.

    This call is being recorded and a replay will be available starting two hours after the call concludes. You can listen to the replay either on the company’s website or by calling toll free in North America 1-888-203-1112. International callers can dial 1-719-457-0820. The pass code for the replay is 7395430.

    As a reminder please note that the discussion today may contain forward-looking statements made under the Safe Harbor Provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties.

    As such, results may be materially different from the views expressed today. A number of potential risks and uncertainties are outlined in the company’s public filings with the SEC. The company does not undertake any obligation to update any forward-looking statements except as required under applicable law.
    I’d, now, like to turn the call over to Ron Chan, Chairman and CEO of ChinaCast Education Corporation.

    Ron Chan:
    Thank you and good morning to those of you listening from North America and good evening to those participating in the call from Asia.

    I’m pleased to report a strong quarter for the year with a solid quarter of revenue growth and improved profitability which Tony will highlight for you later. The investments we have made in our business are yielding solid improvements in all of our financial operating metrics and we expect this momentum to accelerate with our recently announced MOU to acquire an additional accredited university in China.
    We are targeting to close within the third quarter of the year which will further extend our degree offerings and drive future earnings growth. As in the USA and other countries, we continue to see healthy growth in the higher education sector in China as students continue to improve their job skills to compete in a tight labor market.
    ---
    More free transcripts can be found at hullresearch.com/transcripts

    Disclosure: no positions
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