China Education Resources, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 27, 2019 at 02:13 pm EDT
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China Education Resources Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was USD 4.250 million compared to USD 5.360 million a year ago. Operating income was USD 666,712 compared to USD 1.499 million a year ago. Net income was USD 423,482 compared to USD 1.084 million a year ago. Basic earnings per share was USD 0.01 compared to USD 0.02 a year ago. For the half year, total revenue was USD 6.136 million compared to USD 8.112 million a year ago. Operating income was USD 861,435 compared to USD 1.605 million a year ago. Net income was USD 509,717 compared to USD 1.245 million a year ago. Basic earnings per share was USD 0.01 compared to USD 0.03 a year ago.
China Education Resources Inc. is a Canada-based education technology company. The Company provides an education Internet portal with educational content, resources and training programs to users in Peopleâs Republic of China and distributes educational textbooks and materials developed by the Company to bookstores and schools in China. The Company provides online/offline learning, training courses, as well as social media for teachers, students and education professionals. Its product portfolio includes textbooks, teacher training, online portals, customized education solutions, online tutoring and soccer education. The Companyâs product portfolio includes the kindergarten to grade 12 (K-12) teacher blog system in China. Its blog site is used by approximately two million teachers, education professionals and students. It has developed approximately 2,000 online teacher training courses and 100,000 K-12 online lesson plans. Its operations span approximately 20 provinces in China.
CHINA EDUCATION RESOURCES INC. 
