American Education Center, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 02:30 pm EDT
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American Education Center, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 161,984 compared to USD 1.169 million a year ago. Operating loss was USD 732,478 compared to USD 638,247 a year ago. Net loss was USD 531,475 compared to USD 165,951 a year ago. Basic loss per share was USD 0.01 compared to USD 0.01 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago. For the half year, sales was USD 276,182 compared to USD 3.139 million a year ago. Operating loss was USD 1.389 million compared to USD 282,023 a year ago. Net loss was USD 1.026 million compared to USD 82,055 a year ago. Basic loss per share was USD 0.02 compared to basic earnings per share of USD 0.01 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.01 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. 
