Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

XRS - TAL Education Group: Net Revenue For FY13 Fourth Quarter Rises 14.2 Percent YoY

|Includes: TAL Education Group (TAL)

Prepared by ChinaScope Financial | Source:Company Disclosure

  • On April 23, TAL Education Group (XRS: NYSE), a leading K-12 after-school tutoring services provider in China, announced that company net revenue for the quarter ended February 28, 2013 increased 14.2 percent year-on-year (YoY) to USD 59.6 million. Net income attributable to common shareholders for the same period decreased 9.7 percent YoY to USD 6.8 million, and Non-GAAP net income was down 5 percent YoY to USD 8.6 million.
  • In the fourth quarter of fiscal year 2013, total student enrollments increased 9.7 percent YoY to 250,700. As of February 28, 2013, the number of learning centers had reached 255, down from 259 as of November 30, 2012.
  • In the fiscal year ended February 28, 2013, company net revenue amounted to USD 226 million, an increase of 27.3 percent on the prior year. Net income attributable to common shareholders for the same period increased 37.5 percent YoY to USD 33.4 million, and Non-GAAP net income increased 29.5 percent YoY to USD 41.7 million.