Bright Scholar Announces Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2024
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Bright Scholar Education Holdings Limited (NYSE: BEDU) reported a 7.7% year-over-year increase in gross profit from continuing operations and a 2.3 percentage point growth in gross margin for fiscal year 2024. The company will hold a conference call to discuss these results.
November 25, 2024 | 10:45 am
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Bright Scholar Education Holdings Limited reported positive financial results for FY2024, with a 7.7% increase in gross profit and a 2.3 percentage point rise in gross margin. This indicates improved operational efficiency and profitability.
The reported increase in gross profit and margin suggests that Bright Scholar is improving its financial performance, which is likely to positively impact its stock price in the short term. The upcoming conference call may provide further insights, potentially influencing investor sentiment.
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