Ambow Education Announces Fourth Quarter and Full Year 2020 Financial Results
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BEIJING, April 8, 2021 /PRNewswire/ Ambow Education Holding Ltd. ( Ambow or the Company ) (NYSE American: AMBO), a leading national provider of educational and career enhancement services in China, today announced its unaudited financial and operating results for the fourth quarter and audited financial and operating results for the fiscal year ended December 31, 2020, respectively. In the fourth quarter of 2020, we remained focused and diligent in our efforts to help students achieve positive learning outcomes, especially as they navigate these challenging times, noted Dr. Jin Huang, Ambow s President and Chief Executive Officer. We re pleased to report improved operating profitability in the fourth quarter, driven by healthy top-line performance and effective control over operating costs and expenses. Notably, gross margin increased 590 b