Bright scholar announces unaudited financial results for the fourth fiscal quarter and fiscal year 2022
Foshan, china , nov. 29, 2022 /prnewswire/ -- bright scholar education holdings limited ("bright scholar," the "company," "we" or "our") (nyse: bedu), a global premier education service company, today announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended august 31, 2022. financial performance highlights fourth fiscal quarter ended august 31, 2022 financial highlights (in comparison to the same period of the last fiscal year): rmb in million except eps and % fourth fiscal quarter ended august 31, 2022 fourth fiscal quarter ended august 31, 2021 yoy % change revenue from continuing operations 403.9 320.0 26.2 % gross profit from continuing operations 83.8 48.3 73.4 % gross margin from continuing operations 20.7 % 15.1 % 5.6 % operating loss from continuing operations (59.4) (204.0) 70.9 % operating margin from continuing operations (14.7 %) (63.7 %) 49.0 % loss from discontinued operations, net of tax - (198.9) - net loss for the quarter (99.4) (478.2) 79.2 % adjusted gross profit from continuing operations (1) 87.7 53.0 65.5 % adjusted operating loss from continuing operations (2) (48.8) (99.2) 50.7 % adjusted net loss (3) for the quarter (89.7) (175.5) 48.9 % adjusted ebitda (4) for the quarter (47.6) (29.8) 59.9 % basic and diluted loss per share from continuing operations (0.90) (2.40) 62.5 % basic and diluted loss per share from discontinued operations - (0.66) - adjusted basic and diluted loss per share (5) for the quarter (0.82) (1.53) 46.4 % basic and diluted loss per ads from continuing operations (3.60) (9.60) 62.5 % basic and diluted loss per ads from discontinued operations - (2.64) - adjusted basic and diluted loss per ads (6) for the quarter (3.28) (6.12) 46.4 % fiscal year 2022 ended august 31, 2022 financial highlights (in comparison to the last fiscal year): rmb in million except eps and % fiscal year 2022 ended august 31, 2022 fiscal year 2021 ended august 31, 2021 yoy % change revenue from continuing operations 1,714.9 1,401.8 22.3 % gross profit from continuing operations 478.1 221.5 115.8 % gross margin from continuing operations 27.9 % 15.8 % 12.1 % operating loss from continuing operations (63.0) (389.7) 83.8 % operating margin from continuing operations (3.7 %) (27.8 %) 24.1 % income from discontinued operations, net of tax - 369.3 - net loss for the year (159.4) (165.8) 3.8 % adjusted gross profit from continuing operations (1) 495.9 237.7 108.7 % adjusted operating loss from continuing operations (2) (39.4) (271.4) 85.5 % adjusted net loss (3) for the year (139.6) (420.2) 66.8 % adjusted ebitda (4) for the year 149.0 (30.3) 592.5 % basic and diluted loss per share from continuing operations (1.39) (4.54) 69.4 % basic and diluted earnings per share from discontinued operations - 4.09 - adjusted basic and diluted loss per share (5) for the year (1.23) (3.57) 65.5 % basic and diluted loss per ads from continuing operations (5.56) (18.16) 69.4 % basic and diluted earnings per ads from discontinued operations - 16.36 - adjusted basic and diluted loss per ads (6) for the year (4.92) (14.28) 65.5 % 1.
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