American Education Center, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 03:39 pm EDT
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American Education Center, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 63,643 compared to USD 161,984 a year ago. Operating loss was USD 292,685 compared to USD 732,478 a year ago. Net loss was USD 175,181 compared to USD 531,475 a year ago. For the half year, sales was USD 76,953 compared to USD 276,182 a year ago. Operating loss was USD 655,542 compared to USD 1.389 million a year ago. Net loss was USD 474,516 compared to USD 1.023 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.02 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. 
