Briefing: CHINA EDU GROUP forecasts a maximum profit of 600 million this fiscal year
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CHINA EDU GROUP expects its net profit for the fiscal year ending in August to reach between 440 million and 600 million yuan, compared to 502 million yuan in the same period last year. The expected net profit has taken into account the impact of goodwill and intangible asset impairment, mainly due to the downward adjustment of unit cash flow in Hainan, Guangdong, and Henan. The impairment this time is approximately 1.62 to 1.7 billion yuan, which is of a non-cash nature. The company's stock price fell 4.5% on Thursday, with a cumulative decline of 27% over the past year
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