American Education Center, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 19, 2019 at 05:30 pm EDT
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American Education Center, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was USD 1.169 million compared to USD 1.768 million a year ago. Operating loss was USD 638,247 compared to operating Income of USD 287,437 a year ago. Net loss was USD 349,284 compared to USD 1.610 million a year ago. Basic loss per share was USD 0.01 compared to USD 0.04 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. For the half year, sales was USD 3.139 million compared to USD 3.098 million a year ago. Operating loss was USD 282,023 compared to operating Income of USD 97,014 a year ago. Net income was USD 284,613 compared to net loss of USD 3.434 million a year ago. Basic earnings per share was USD 0.01 compared to basic loss per share of USD 0.08 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to Basic EPS - Continuing Operations of USD 0 a year ago.
American Education Center, Inc. is engaged in providing education-related consulting services. The Company operates through two segments: American Education Center, Inc. (AEC New York) and AEC Management Ltd. (AEC BVI). The AEC New York delivers customized high school and college placement and Career Advisory Services to Chinese students wishing to study in the United States. Its advisory services include language training, college admission advisory, on-campus advisory, internship and start-up advisory, as well as student and family services. The AEC BVI, though AEC Southern Shenzhen and Zhongwei, delivers customized high school and college placement and Career Advisory Services to Chinese students wishing to study in the United States through businesses referred by AEC New York to AEC Southern Shenzhen. Its career advisory services include its internship advisory program and its start-up advisory program.
AMERICAN EDUCATION CENTER, INC. 
