RYB Education Q2 Revenue Rises Four-Fold; Gang Chen Named As Chairman

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  • RYB Education Inc (NYSE: RYB) reported second-quarter FY21 revenue growth of 318.1% year-on-year, to $53.4 million.
  • Service revenues jumped 342.2% Y/Y, and the product revenue rose 80%.
  • The number of students enrolled at directly operated facilities was 37,166 as of June 30, 2021.
  • Gross profit was $14.5 million, compared with a gross loss of $(9.5) million last year. The gross margin was 27.2%.
  • The operating margin was 16%, and …

Full story available on Benzinga.com

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