Rise education says q1 revenue fell 67.5% to rmb 109 mln

Rise education announces first quarter 2020 unaudited financial results.q1 revenue fell 67.5 percent to rmb 109 million.sees q2 2020 revenue rmb 135 million to rmb 145 million.qtrly net loss per ads attributable to rise rmb 1.84.qtrly non gaap net loss per ads attributable to rise rmb 1.76.expects its financial performance to begin improving on a sequential basis starting during q2.rise education - upgraded online small group classes, with initial online small group classes, expected to increasingly contribute to revenue starting q2.self-owned learning centers which are expected to resume operations sometime during second half of q2 of 2020.
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