JH EDUCATION announced its 2024 performance, with profit attributable to owners of the company approximately HKD 313 million, a year-on-year decrease of 19%
JH EDUCATION announced its 2024 performance, with revenue of approximately 981 million yuan, a year-on-year increase of 12%. The profit attributable to the company's owners was approximately 313 million yuan, a year-on-year decrease of 19%. Earnings per share were 19.54 cents. The revenue growth was mainly due to an increase of 100 million yuan in tuition income, while the decrease in profit was mainly due to net losses from fair value adjustments of investment properties and increased corporate income tax expenses
According to the Zhitong Finance APP, JH EDUCATION (01935) announced its 2024 performance, with revenue of approximately HKD 981 million, a year-on-year increase of 12%. The profit attributable to the company's owners was approximately HKD 313 million, a year-on-year decrease of 19%. Earnings per share were HKD 0.1954.
The announcement stated that the revenue growth was mainly due to an increase of HKD 100 million in tuition income, primarily caused by an increase in enrollment quotas and average tuition income. The decrease in profit was mainly due to net losses from fair value adjustments of investment properties held by the group and an increase in corporate income tax expenses in China
