Education services provider Noah Education Holdings Ltd. (NED: Quote) comes on our radar after lifting its full-year revenue outlook.
The company raised its fiscal 2013 revenue guidance to a range of $32.8 million - $34.2 million versus the prior estimate range of $29.0 million - $29.9 million.
For the second quarter of fiscal 2013, Noah expects to generate net revenue in the range of $8.6 million - $9.2 million.
Noah Education Holdings operates and manages private kindergartens, and private primary and secondary schools. It also offers supplemental English language training services for children aged 2 and 18 through its 13 directly-owned training centers in Changsha and Datong; and about 500 franchised training centers. The company provides its services primarily under the Wentai Education, Little New Star, and Yuanbo Education brands.
For the first quarter of fiscal 2013, the company reported a net loss of RMB 0.07 million, compared to a net income of RMB 1.8 million last year. Net revenue increased 13.5% to RMB 38.8 million from RMB 34.2 million generated a year ago.
Net loss for the fourth quarter of fiscal 2012 was RMB 57.5 million or RMB1.57 per share, wider than the previous year's loss of RMB 43.5 million or RMB1.11 per share. However, net revenue rose 57.8% to RMB 46.7 million from RMB 29.6 million last year.
Third-quarter net income was RMB 2.2 million or RMB 0.04 per share, compared to RMB 1.6 million or RMB 0.02 per share in the third quarter of fiscal 2011. Net revenue increased 61.1% to RMB 37.3 million from RMB 23.1 million in the prior year period.
Second-quarter net income was RMB 2.3 million or RMB 0.03 per share, compared to RMB 3.1 million or RMB 0.08 per share in the second quarter of fiscal 2011. Net revenue grew 112.9% to RMB 44.9 million from RMB 21.1 million generated a year earlier.
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by RTT Staff Writer
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